ICICI Securities Ltd | Retail Equity Research Sadbhav Engineering's (SEL) topline grew 12.6% YoY to | 693.1 crore (our expectation: | 685.0 crore) EBITDA margins expanded 80 bps YoY to 11.4% led by lower other expenses (4.0% as a percentage of sales in Q2FY18 vs. 5.1% in Q2FY17). It was above our estimate of 11.0% Net profit grew 80.8% YoY to | 33.5 crore on account of strong topline growth and EBITDA margin expansion. PAT was above our...