Wabco India (WIL) reported a strong performance in Q2FY18 with net profit growing a robust 44% to Rs776mn, ahead of our expectations of Rs667mn. Net sales for the grew 21.5% YoY while other operating income was higher 9% YoY leading to overall of revenue growth of ~21% YoY to Rs6.1bn (inline with expectations).OperatingperformancesurpassedexpectationswithEBITDAmargin cominginat16.8%,higher140bpsYoYand180bpsQoQ(PLe:15.8%).Improvement in OPM wasmainly on account of gross margins being higher 110bps YoY (lower...