ICICI Securities Ltd | Retail Equity Research ACC reported a mixed set of Q4CY18 numbers with revenues in line with estimates. However, it was a miss at the EBITDA level Revenues for Q3 grew 10.9% YoY to | 3788.6 crore (in line with Idirect estimate: | 3,750.4 crore) led by 8.4% YoY growth in volumes to 7.5 MT (vs. I-direct estimate: 7.4 MT), 2.3% YoY increase in blended realisation/tonne to | 5,051/t (vs. I-direct estimate: | 5,068/t) EBITDA margins, however, missed our estimates registering a decline of 66 bps to 10.1% (vs. I-direct estimate of 13.8%) mainly led...