ICICI Securities Ltd | Retail Equity Research Wabco India's (WIL) Q2FY17 revenues came in at | 464 crore (up 8.2% YoY) below our estimate of | 503 crore. Revenue from domestic operations grew 9.7% YoY to | 314 crore (largely driven by ABS) vs. our expectations of | 346 crore while revenue from exports was up 5% YoY to | 150 crore against our estimate of | 157 crore EBITDA margins contracted 51 bps YoY and 477 bps QoQ to 14.7% and lower than our expectations of 15.6%. The benefit of lower raw...