INXW's incurred Rs202mn EBITDA loss in 2QFY18 vs. Rs1,011mn EBITDA profit in 2QFY17 owing to lower commissioning. In line with our estimates, it incurred Rs468mn loss vs. Rs564mn profit in 2QFY17. Lower revenue, higher interest and depreciation cost on capacity addition were the key disappointments. INXW commissioned 40MW in 2QFY18 taking 1HFY18 commissioning to 86MW. INXW's installation market share stood at 20%. Notably, INXW's net receivables reduced...