Gail India Q1FY13 Result - First Cut - Microsec Research

Gail India Ltd.. announced its Q1'13 results result today i.e. July 30,2012.

The company's Q1 topline grows at a staggering rate of~25%YoY and stood at INR11112.00 cr while its PAT stood at INR1138 cr which is up both on QoQ and YoY basis. Both EBITDA and PAT margins improved on QoQ basis. Q1'13 EPS grow at a staggering rate of ~109% on QoQ basis.

NOTE:

- In terms of the decision of the Government of India to share the under recoveries on LPG, the company had provided discount of INR 70000 lakhs for the quarter ended 30th June,2012.

PNGRB has slashed GAIL's tariff for Dadri-Nangal pipeline by 57% may restricts its upside movement in the near term but considering its upcoming pipeline projects and other expansion plans make its valuation attractive in the long run and which makes it a good bet from the investment perspective.

Source : Equity Bulls

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