Oil India's (OIL) Q1FY18 revenue and EBITDA was completely in-line with IDBIest while PAT is below expectation due to lower than estimated other income. OIL's revenue/EBITDA grew 5%/1.3% YoY to Rs23.3/Rs8.7 bn while PAT declined 8.9% YoY to Rs4.5 bn. Oil production volume rose 6% YoY to .831mmt while gas volume declined 1% to 724mmscm. Oil realization grew 12.3% YoY to US$48.4/bbl. Rise in crude oil volume rose to highest level in last ten quarters, which is a key positive. Further, oil and gas price are expected to rise in coming quarters which...