Weak quarter, focus shifting from revenue growth to reducing leverage DBL's standalone revenue up 2.7% YoY to `16.2 bn in Q2FY19 (16.7% below estimates) due to slower execution run rate in road (+4% YoY) segment affected by monsoon. EBITDA margin down 70 bps YoY to 17.3% (66 bps below estimates), primarily due to higher other expenses and employee costs which was partially offset by fall in raw material costs by 64 bps to 76.8% of revenue. Reported PAT decreased 28.0% YoY to `832 mn due to poor operating performance coupled with higher tax rate of 12.8% vs....