ICICI Securities Ltd | Retail Equity Research Bajaj Electricals' (BEL) revenues at ~| 1140 crore were up ~12% YoY led by the CD segment revenue growth of ~27% YoY led by ~35% YoY growth (~25% excluding one time GST related impact on base quarter) in volume largely on a low base and a change in product mix. On the other hand, a muted performance in the EPC segment was largely due to slow execution of new projects. The company posted a strong EBITDA margin owing to higher operating leverage...