ICICI Securities Ltd | Retail Equity Research Simplex Infrastructure (SIL) reported Q3FY17 results, which were marginally below our estimates on the topline and bottomline front while in line on the EBITDA margin front Topline de-grew 1.8% YoY to | 1377.7 crore (our estimate: | 1468.2 crore) due to stretched working capital causing muted execution The EBITDA margin expanded 70 bps YoY to 11.6% and was in line with our expectation: 11.7%) despite muted execution, mainly on...