ICICI Securities Ltd | Retail Equity Research Exide Industries' (EIL) Q1FY17 revenues were marginally below our estimates though margins & PAT were above our expectations. Revenues increased 10.5% YoY to | 1,929 crore vs. our estimate of | 1964 crore. The demand for both automotive & industrial battery has shown improvement. Growth in the sale of automotive & motorcycle replacement battery segment continues, along with improvement in volume of OEM business during the quarter...