ICICI Securities Ltd | Retail Equity Research Q3FY19 results were a comprehensive beat vis-a-vis I-direct estimates on the profitability front due to strong EBITDA margins (24.5% vs. I-direct estimate of 17.7%). Revenues grew 10.3% YoY to | 947.6 crore (I-direct estimate: | 939.1 crore) due to 10% growth in domestic formulations to | 421.6 crore EBITDA margins improved 569 bps YoY to 24.5% (I-direct estimate: 17.7%) due forex gain, strong gross margins and lower employee...