ICICI Securities Ltd | Retail Equity Research Revenues declined 19% YoY to | 209 crore (I-direct estimate: | 242 crore). Export formulations declined 11% YoY to | 86 crore (I-direct estimate: | 95 crore) and domestic formulations declined 30% to | 100 crore (I-direct estimate: | 121 crore) EBITDA margins fell 1580 bps YoY to 0.6% (I-direct estimate of 11%) mainly due to higher employee and other expenditure. EBITDA declined 97% YoY to | 1.3 crore (I-direct estimate: | 27 crore)...