ICICI Securities Ltd | Retail Equity Research The topline grew 12.3% YoY to | 1290.6 crore (our estimate: | 1411.4 crore) due to lower-than-expected growth of 7.5% in construction revenues to | 729.2 crore (our estimate: | 810 crore) The EBITDA margin expanded 230 bps YoY to 54.9% (our estimate: 53.4%) due to higher proportion of revenues from the relatively higher margin BOT division (43.5% in Q2FY17 vs. 40.4% in Q2FY16) Net profit de-grew 4.6% YoY to | 142.2 crore (our estimate: | 167.8...