ICICI Securities Ltd | Retail Equity Research Mahindra & Mahindra (M&M;) reported its Q2FY17 results, which were below estimates on the topline front but a beat on the operational front. Revenues came in at | 10,609 crore (up 14.4% YoY, down 3.9% QoQ) vs. our expectation of | 12,098 crore mainly due to lower ASPs in both automotive & farm equipment business. Automotive revenues were at | 7830 crore (up 12.4% YoY, flat QoQ) against our expectation of | 8044 crore mainly due to lower than estimated...