ICICI Securities Ltd | Retail Equity Research Gesco's revenues for Q2FY17 de-grew 23% YoY to | 749.4 crore (Idirect estimate: | 833.7 crore). On account of historic low utilisation levels for offshore segment, revenues of the segment de-grew 22.5% YoY to | 357.5 crore. However, with a recovery in BDI and tanker rates, revenues from the shipping segment grew 6% YoY to | 569.4 crore. Total revenue days for the shipping & offshore segment were at 3428 days and 1723 days, respectively Lower utilisation levels in the offshore segment coupled with higher...