InvestorQ : How do you see GAIL after the latest quarter results for Jun-20?
Rashi Mehra made post

How do you see GAIL after the latest quarter results for Jun-20?

Answer
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Archita Jajjoo answered.
2 months ago


GAIL posted an 80% drop in its Jun-20 quarter net profits at Rs.256 crore. GAIL suffered net losses on the marketing of natural gas and petrochemicals business. This was largely attributable to the nation-wide lockdown during the earlier part of the Jun-20 quarter. Total revenues from operations were down almost one-third at Rs.12,087 crore.

GAIL anticipates that with the gradual relaxation of lockdown and increase in economic activity, performance has picked up significantly in most segments. Apart from the lockdown, the weak prices of petchem and gas have also taken its toll on the company performance. The company has reiterated that it was presently operating close to the pre-lockdown levels. It also expects pick up in capex during the remaining quarters