InvestorQ : How do you see the stock of GAIL performing after the solid results declared for the Mar-20 quarter?
Anjana Aiyar made post

How do you see the stock of GAIL performing after the solid results declared for the Mar-20 quarter?

Answer
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Arya Nanda answered.
3 months ago


GAIL India reported a 169% growth in net profits for the Mar-20 quarter to Rs.3018 crore, largely supported by tax write-backs and strong operating performance. Overall revenues fell 5.4% to Rs.17,753 crore on a YOY basis. The operating profit margins or EBITDA of GAIL expanded by 497 basis points to 13.94%.

During the quarter GAIL recognized write-back of Rs.462.50 crore against tax expenses of Rs.617.70 crore in the corresponding quarter of the last fiscal. However, other income for GAIL was sharply lower by nearly 40% at Rs.513.22 crore. The key natural gas segment revenues grew by 6.1% to Rs.1554 crore.

Among the other business divisions of GAIL, the natural gas marketing segment registered a 4.6% decline in revenue at Rs.14,745 crore but EBIT grew by 2.6% to Rs.602 crore. The LPG and liquid hydrocarbons reported 2.9% increase in revenues at Rs.1154 crore. The stock has traded positively around the earnings and is quoting at Rs.102.