ICICI Securities Ltd | Retail Equity Research TajGVK's results are not directly comparable with our estimates as the company reported standalone numbers vs. our forecasted consolidated numbers. In Q1FY17, standalone revenues de-grew 6.1% YoY (down 24.5% QoQ) to | 58.3 crore EBITDA margins increased 57 bps YoY to 21.7% in Q1FY17 due to a decline in RM cost and other expenses Net profit came in at | 2.5 crore in Q1FY17. However, after adjusting...