Bosch's revenues came in at | 3,212 crore (up 21.3% YoY), below our estimate of | 3,657 crore. Revenue from mobility (automotive) solutions grew 20.5% YoY mainly led by domestic power train solutions. Revenue from non-mobility solutions grew 48.9% YoY primarily supported by energy and power tool business division EBITDA margins came in at 19.6% (up 298 bps YoY but down 234 bps QoQ) below our estimate of 20.6%. On a QoQ basis, all variable expenditure items increased while higher raw material cost...