EIH reported a weak set of Q2FY18 numbers. The results were below our estimate on all fronts. Revenues were flat on a YoY basis at | 272.3 crore (below I-direct estimate of | 285.4 crore) On the margin front, the EBITDA margin declined from 5.0% in Q2FY17 to 3.3% (below I-direct estimate of 8.5%) led by an increase in employee expenses (up 9.9% YoY) Net profit declined 48% YoY to | 2 crore Expect recovery in domestic demand with rebound in economy...