ICICI Securities Ltd | Retail Equity Research Sobha reported a weak set of Q2FY17 numbers mainly on account of a sharp decline in EBITDA margins The topline grew 8.2% YoY to | 541.1 crore led by 10.2% growth in real estate projects revenue to | 363.5 crore and 5.7% YoY growth in revenue from contractual & manufacturing division to | 198.1 crore The EBITDA margin contracted 259 bps YoY to 19.1% due to higher marketing and promotion spend and cost escalations...