Gujarat Gas reported Q3FY18 results, which were largely in line with our estimates on the operational front. Revenues increased 27.7% YoY to | 1571.3 crore and came in above our estimate of | 1496.2 crore mainly on account of higher than estimates volumes Total reported volumes came in at 6.3 mmscmd vs. our estimate of 6 mmscmd due to higher industrial sales volumes. Gross margins at | 6/scm came in largely in line with our estimates of | 6.1/scm....