Prabhudas Lilladhar
Overall, topline growth remained robust at ~1718% YoY, driven by strong performance in Retail at 48%, Electricals at 27%, and Automobiles at ~22%, but margin trends were mixed with gross margins contracting across most sectors while few sectors like FMCG and Iron & Steel saw expansion. Profitability remained under pressure as EBITDAM declined in most sectors and improved meaningfully only in Iron & Steel and Retail,...
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