ICICI Securities Ltd | Retail Equity Research Thermax reported a weak set of Q2FY17 results where revenues and EBITDA were below estimates. However, higher share of other income led PAT to come in line with estimates Reported revenue fell 17.6% YoY to ~| 870.8 crore (vs. I-direct estimate: | 973.3 crore). Revenue miss may be largely due to lower carry of order backlog of previous years. In terms of segmental performance, energy segment revenue fell 22.2% YoY to | 652 crore...