ICICI Securities Ltd | Retail Equity Research Bosch's Q1FY17 revenues came in at | 2,520 crore (up 9.5% YoY) vs. our estimate of | 2,873 crore. Revenues from the automotive segment (account for ~88% of revenue) grew 9.3% YoY to | 2,416 crore while non-automotive revenue was up 2.4% YoY to | 348 crore EBITDA declined 6.6% YoY to | 451 crore vs. our estimate of | 563 crore. EBITDA margins were at 17.9% (down 307 bps YoY & 442 bps QoQ) below our estimate of 19.6%. This was mainly due to higher...