ICICI Securities Ltd | Retail Equity Research SKF India (SKF) reported weak Q3FY19 results, which were below our estimates. Revenues grew 9.6% YoY to | 767.7 crore. We expected revenue of | 774 crore for the quarter EBITDA margins came in at 15.8% vs. 17.6% YoY. Lower margins were on account of lower gross margins (down 190 bps YoY) and higher proportion of (low margin) traded goods during the quarter. Traded goods as a percentage of topline increased to 37.8% vs....