ICICI Securities Ltd | Retail Equity Research Elgi Equipments (Elgi) reported Q3FY19 numbers that were below our estimates in terms of topline mainly due to comparatively lower growth of 10.4% in standalone entity (i.e. India, direct export & products sold to foreign subsidiaries) compared to robust growth of ~19% YoY in the international market The overall topline was at | 470.2 crore, up 13.2% YoY. We had estimated 17% revenue growth at | 486 crore. On a segmental basis,...