Oil India's (OIL) Q2FY17 results were largely in line with our estimates where higher volume was offset by higher other expenses. OIL's revenue/EBITDA/PATdeclined7.9%/9%/17.7% YoY to Rs23/8.4/5.8 bn due to lower oil volume and realization offset by better gas volume. Oil production volume saw a decline of margin 1% YoY to .81mmt (+1.4% QoQ) while gas volume increased 5.8% YoY to 743mmscm (+1.6% QoQ). Also, its net oil realization dipped to US$44.6/bbl in Q2FY17 from US$46.4/bbl in Q2FY16 (better than IDBIest). We are raising TP...