ICICI Securities Ltd | Retail Equity Research US$ revenues grew 5% QoQ to $168.9 million, in-line with our $169.2 million and 5.2% QoQ growth estimate. Revenues in constant currency grew 6.5% sequentially Revenues in rupees grew 9.9% QoQ to | 1,187 crore EBITDA margins expanded by 150 bps QoQ to 13.7% and were way above our 70 bps expansion and 12.9% estimate. Margin expansion was mainly due to rupee depreciation (+80 bps), utilization &...