ICICI Securities Ltd | Retail Equity Research Greenply Industries' (GIL) topline grew 3.7% YoY to | 404.9 crore (our estimate: | 406.7 crore) led by the weak performance of the MDF division. MDF division revenues de-grew 30.1% YoY to | 91.1 crore (our estimate: | 116.7 crore) EBITDA margins contracted 113 bps YoY to 11.3% (our estimate: 14.0%) mainly on account of contraction in MDF division EBITDA margins by 240 bps YoY to 22.1%...