Q4FY21 Result Update - Gail (India) - ICICI Direct

Gail India reported a mixed set of Q4FY21 results. While gas trading & transmission and petchem segments' performance was better than expected, LPG/LLH performance was weaker than anticipated. Revenues for the quarter declined 12.4% YoY to Rs. 15546.2 crore. EBITDA was at Rs. 2564.8 crore, up 3.6% YoY against our estimates of Rs. 2621.3 crore. Gail reported higher-than-expected other income of Rs. 568.4 crore. Subsequently, reported PAT was at Rs. 1907.7 crore, down 36.8% YoY (negative tax outgo in base quarter) against our estimate of Rs. 1883.1 crore.

For details, click on the link below: Link to the report

Shares of GAIL (INDIA) LTD. was last trading in BSE at Rs.163.05 as compared to the previous close of Rs. 163.7. The total number of shares traded during the day was 1493019 in over 8819 trades.

The stock hit an intraday high of Rs. 165.3 and intraday low of 160.15. The net turnover during the day was Rs. 241470534.

Source : Equity Bulls

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