ICICI Securities Ltd | Retail Equity Research Revenues grew 17.5% YoY to | 274.5 crore (I-direct estimate: | 302.6 crore) mainly due to growth in the discovery services vertical and development and manufacturing group. Adjusting for the impact of sales return, growth would have been 22.5% EBITDA margins declined 120 bps to 32.3% YoY (I-direct estimate: 32.3%) owing to higher employee cost and other expenditure, which was partially offset by improvement in gross margins. EBITDA grew...