ICICI Securities Ltd | Retail Equity Research Hero MotoCorp (HMCL) reported its Q4FY17 numbers, with topline & EBITDA below our estimates but PAT above estimates. Revenues came in at | 6915 crore, down 7.9% YoY, up 8.7% QoQ, against our estimate of | 7130 crore with the miss attributable to lower than estimated realisations. Net blended ASPs were at | 42644 vs. our estimate of | 43970. Revenues were also lower due to | 193 crore discount allowed in March 2017 for sale of BSIII compliant 2Ws...