Q2FY19 revenue grew by 40% YoY supported by strong growth in PMC (39% YoY) & real estate business (266% YoY). While EBITDA margin declined by 371bpsYoY to 3.7% due to change in accounting standards to Ind-AS 115 & higher material cost. Order backlog remains strong at Rs80,000cr of which Rs38,000cr of projects are awarded to contractors which provides revenue visibility. As per management, NBCC has received clearance order from high court...