ICICI Securities Ltd | Retail Equity Research Mahindra CIE's Q3CY17 consolidated revenue was at | 1590 crore (up 34% YoY) vs. our estimate of | 1,424 crore. Revenue from Indian operation (standalone + Bill Forge (BFL) + gears business) grew 64% YoY to | 682 crore mainly due to integration of the Bill Forge business, higher steel price & higher production from its key customers. Revenue from European operation increased 16% YoY to | 915 crore mainly due to 1) higher revenue from Metalcastello (as MCI started catering to...