Timken India reported stellar Q1FY19 numbers that were above our estimates. Revenues came in strong at | 383.4 crore, up 27.8% YoY. We had estimated ~14% topline growth at | 341 crore Absolute EBITDA increased 40% YoY to | 59.3 crore. EBITDA margins came in at 15.5% vs. 14.1% YoY. Higher EBITDA margins were primarily due to lower other expenses, 18.3% of topline vs. 21.3% in Q1FY18. Gross margins fell ~200 bps YoY. Employee...