ICICI Securities Ltd | Retail Equity Research The topline increased 13.4% YoY to | 2104.7 crore, close to our estimate of | 2169.7 crore. In Q1FY19, T&D; business revenue fell 14% to | 1277 crore due to bunching up of orders in Q3FY18, Q4FY18 and some execution delays due to elections in some states. The railways business continues to outperform with revenues almost doubling to | 313 crore amid low base. Cable business grew 17.8% to | 259 crore due to higher exports and better sales on HT cables...