EIH Ltd reported a subdued set of Q2FY20 numbers. The company reported a 13.7% decline in revenues to | 287.7 crore (vs. I-direct estimate of | 302.7 crore). This drop in revenues is mainly attributable to a loss of flight catering business from Jet Airways, which was a major client for that segment. EBITDA margins for the quarter contracted 530 bps YoY to 5.7% while absolute EBITDA fell 55% YoY to | 16.4 crore (vs. I-direct estimate of | 36.6 crore) driven by lower contribution of the flight catering business to the profitability. Lower operating profits combined with higher depreciation and...