GAIL India Q1 Review - Steady Progress: Centrum Broking

GAIL India Q1 Review - Steady Progress: Centrum Broking

GAIL India building. (Source: Company website).

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Centrum Broking Report

GAIL India Ltd.’s adjusted Ebitda/profit after tax of Rs 24/15 billion declined 6/20% QoQ even as YoY performance looks outsized due to a lower base (Ebitda/profit after tax up 3.9/6 times YoY).

Earnings missed estimates of Rs 31.8 billion Ebitda and Rs 21.7 billion profit after tax primarily due to higher than estimated impact of the planned maintenance shutdown of the petchem segment in Q1.

Other than petchem, GAIL India's most other segments delivered a strong Q1, with gas trading and the liquefied petroleum gas plus liquid hydrocarbon segment delivering strong growth.

Gas transmission saw some impact of the second wave of Covid-19, but Q2 onwards, most operational metrics look decidedly better.

Click on the attachment to read the full report:

Centrum GAIL - Q1FY22 Result Update.pdf
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