ICICI Securities Ltd | Retail Equity Research Topline growth of ~9% YoY was largely impacted by the UCP division where segment revenue declined ~3% YoY. The tepid performance was led by poor festive demand and failure of second summer. However, the project (EMPS) and product (EPS) segment recorded revenue growth of 16% and 21% YoY, respectively, owing to efficient execution of quality orders UCP segment EBIT margin was down ~450 bps YoY to 8.5% due to...