ICICI Securities Ltd | Retail Equity Research Gujarat State Petronet (GSPL) reported its Q4FY17 results, which were below our estimates on the operational front. Revenues increased 5.5% YoY to | 244.6 crore below our estimate of | 267.9 crore, mainly on account of lower than estimated volumes Gas transmission volumes declined 5.3% YoY to 23.4 mmscmd (our estimate: 26.4 mmscmd). However, realisations increased 16.4% YoY to | 1.2/scm, above our estimate of | 1.1/scm...