ICICI Securities Ltd | Retail Equity Research Gesco's Q1FY17 revenues de-grew 16% YoY (down 8% QoQ) to | 808 crore (I-direct estimate: | 936 crore). Offshore revenues continued to decline for a fourth consecutive quarter. Offshore revenues for Q1FY17 de-grew 18% YoY (down 4% QoQ) to | 402 crore. However, due to a decline in tanker rates, shipping revenues de-grew 10% YoY (down 3% QoQ) to | 497 crore. Revenue days for shipping and offshore segment was at 2915 days and 1983, respectively...