GAIL India stock drops 1.5% post Q2 numbers

GAIL India

GAIL (India) Ltd is currently trading at Rs 448.5, down by Rs 7.95 or 1.74% from its previous closing of Rs 456.45 on the BSE. The company posted numbers after market hours. The net profit stood at Rs 1309.6 Cr for the quarter ended September.

GAIL Ltd standalone revenue for the quarter came in at Rs 12,409.6 crore, registering 2.9% yoy increase. This was primarily driven by 10% and 31% yoy increase in revenues from Natural Gas transmission services and LPG and Liquid Hydrocarbons segment.

EBITDA for the quarter rose by 27.5% yoy to Rs 2,411.7 crore with a corresponding margin expansion of 375 bps. EBITDA margin for the quarter stood at 19.4%. This margin expansion was aided by favorable movements in inventories.

Operating margin expanded to 16.68% in Jul-Sep from 12.92% in the same period last year.

The scrip opened at Rs 463 and has touched a high and low of Rs 463 and Rs 441.5 respectively.

Gail India Limited is a leading natural gas transmission and marketing company. It is also engaged in the petrochemical production and city gas distribution. It derived 92% of (FY17) revenues from the natural gas transmission.  






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