ICICI Securities Ltd | Retail Equity Research JK Lakshmi Cement reported a mixed set of Q3FY19 numbers. Net sales increased 11.7% YoY to | 935 crore (vs. I-direct estimate of | 895 crore), driven by 9% volume growth to ~ 2.3 MT (vs. I-direct estimate of 2.2 MT). Realisations were at | 4056/t (marginally lower than I-direct estimate of | 4083/t) On the margin front, EBITDA margins fell 78 bps YoY to 10.5% (below I-direct estimate of 13.1%) due to higher freight and power &...