ICICI Securities Ltd | Retail Equity Research NRB Bearings reported decent Q1FY17 numbers, which were broadly in line with our estimates. Revenues came in at | 174.6 crore, up 9.2% YoY and below our estimate of | 187.5 crore for the quarter EBITDA increased 26.5% YoY to | 29.3 crore (our estimate: | 30 crore). EBITDA margins for Q1FY17 increased 230 bps YoY to 16.8% (our estimate: 16%) on account of an improvement in gross margins (improvement of 50 bps YoY), lower employee cost (improvement of...