ICICI Securities Ltd | Retail Equity Research Gail reported Q3FY17 numbers, which came in higher than our estimates. The topline declined 8.4% YoY to | 12318.6 crore but came in higher than our estimate of | 11328.1 crore mainly on account of higher than estimated natural gas trading revenues EBITDA increased 49.3% YoY to | 1726.1 crore (our estimate: | 1490.3 crore) mainly due to the strong performance across business segments and also higher EBIT in other segments (includes...