ICICI Securities Ltd | Retail Equity Research Gujarat Gas reported a good set of numbers on the profitability front in Q3FY19. Revenues increased 34.8% YoY to | 2117.4 crore. Total reported volumes increased 4.1% YoY and came in at 6.6 mmscmd vs. our estimate of 6.9 mmscmd. Volumes were below our estimates on account of lower sales volumes QoQ on the industrial PNG front Realisation were higher than our estimates at | 35.1/scm (our estimate: | 34.4/scm). Also, a lower-than-expected increase in gas...