CESC reported lower-than-expected Q3FY19 results on account of lower revenues and higher costs, which, in turn, impacted EBITDA. Revenues came in below our estimates at | 1707 crore vs. our estimate of | 1825 crore. Generation was flat YoY while energy sold was down 2% YoY at 229.5 crore units In Q3FY19, power sold at Haldia Energy was 107.4 crore units while Chandrapur plant posted ~100% YoY generation at 88 crore units Absolute EBITDA came in at | 202 crore, significantly below our...