Simplex Infrastructure's (SINF) sales grew marginally by 3.2% yoy to about Rs14bn in Q3FY19, lower than our estimates mainly due to social unrest in the North East and a delay in getting approvals for few projects. PAT totaled Rs363mn, on account of better operating performance, lower depreciation costs (down 10% yoy) and lower interest costs (down 1.1%yoy).It was marginally lower than our estimate . SINF's order book stood at about Rs168bn (2.8x TTM revenues). Management is eyeing...