ICICI Securities Ltd | Retail Equity Research Gail reported Q4FY17 numbers, which came in lower than our estimates. Revenues increased 16.6% YoY to | 13674.1 crore and were higher than our estimates of | 12581 crore. Higher than estimated revenues came in mainly on account of higher natural gas trading revenues (due to higher realisations) The EBITDA increased 27.1% YoY to | 1555.4 crore and was below our estimate of | 1843.4 crore mainly due to a weaker operational...