ICICI Securities Ltd | Retail Equity Research KEC reported Q3FY19 results that were below our estimates. KEC continued its strong performance in railways and civil business while T&D; business growth remained sluggish Revenues were at | 2646.6 crore up 10% on a YoY basis, below our estimate of | 2715.9 crore. T&D; business grew marginally by 2.0% to | 1563 crore while railways & civil segments reported revenues at | 551 crore, up 164.6%, and | 110 crore, up 27% YoY (amid low base),...