ICICI Securities Ltd | Retail Equity Research Mahindra CIE's consolidated revenues grew 29.4% YoY to | 1973 crore vs. estimate of | 1773 crore. Its operating margin expanded 125 bps YoY to 14.7% post margin expansion in India & European operations Revenues from India [standalone + Bill Forge (BFL) + gears business] grew 26% YoY to | 802 crore. The growth mix is at - 15% from its existing customers, 6% from higher realisation (passed on higher steel prices) and 5% from business of new clients. EBITDA margin expanded...