ICICI Securities Ltd | Retail Equity Research Bosch's Q2FY17 revenues came in at | 2,612 crore (up 9.7% YoY), below our estimate of | 2,693 crore. Gross revenues from the automotive segment (accounting for ~87% of revenue) grew 0.7% YoY to | 2,531 crore while revenue from the non-automotive segment grew 18% YoY to | 365 crore EBITDA margins were at 18% (down 19 bps YoY, up 7 bps QoQ) marginally above our estimate of 17.9%. Benefit of lower raw...