ICICI Securities Ltd | Retail Equity Research Exide Industries (EIL) reported strong topline growth of 22.9% YoY to | 2,371 crore vs. our estimate of | 2,158 crore, as automotive demand improved significantly while demand from the telecom & other infrastructure segment were encouraging during Q2FY18 EBITDA margins contracted 270 bps YoY & 294 bps QoQ to 12.5% vs. our estimate of 13.8%. Its operating margin were impacted mainly due to gross margin contraction of 586 bps YoY & 406 bps...