ICICI Securities Ltd | Retail Equity Research ONGC declared its Q2FY17 results, which were above our estimates. The topline declined 11% YoY to | 18395 crore due to a fall in the crude oil prices YoY but came in above our estimate of | 17981 crore due to higher-than-expected sales and higher net realisation. The reported PAT remained flat YoY at | 4974.9 crore and came in above our estimate of | 4342.7 crore. Lower than estimated exploratory costs expense contributed to higher PAT...