ICICI Securities Ltd | Retail Equity Research Sadbhav Engineering's (SEL) topline grew 8.4% YoY to | 935.1 crore and was marginally lower than our expectation of | 970.4 crore EBITDA margin expanded 50 bps YoY to 11.3% led by lower other expenses (2% as percentage of sales in Q3FY18 vs. 4.7% in Q3FY17). It was largely in line with our estimate of 11.4% Net profit grew robustly by 17.9% YoY to | 61.8 crore (our estimate: | 62.2 crore) mainly on account of topline growth and higher other...