ICICI Securities Ltd | Retail Equity Research Exide Industries' (EIL) reported mixed set of Q1FY18 numbers. Revenues increased 4.6% YoY to |2,103 crore, below our estimate of |2,286 crore. According to the management, 4-W & 2-W battery continued with its growth momentum, however Home UPS battery segment remained subdued during the quarter. EBITDA margins contracted 24 bps YoY, however expanded 217 bps QoQ to 15.4%, vs. our estimate of 14.1%. Margin expansion on QoQ...