ICICI Securities Ltd | Retail Equity Research Gandhi Special Tubes (GST) reported a healthy Q2FY18 performance (sales up 8.4% YoY, margins up 440 bps YoY) despite one of its main business segment (fuel injection tubes) going off stream due to mandatory conversion to BS-IV norms in the domestic M&HCV; space Net sales for the quarter came in at | 29.8 crore. EBITDA in Q2FY18 was at | 11.4 crore with corresponding EBITDA margins at 38.3%, up 440 bps. Savings were realised across variables viz. raw material...