GAIL India Q4 Review - Improving
Commodity Trend Augurs Well: Prabhudas Lilladher
A GAIL India Ltd. logo sits on a sign during a news conference in New Delhi. (Photographer: Prashanth Vishwanathan/Bloomberg)

GAIL India Q4 Review - Improving Commodity Trend Augurs Well: Prabhudas Lilladher

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.

Prabhudas Lilladher Report

GAIL India Ltd. reported Q4 results in-line with estimates with Ebitda at Rs 25.6 billion (our estimate: Rs 26.8 billion; up 34% QoQ) led by higher liquefied natural gas realisations and record petrochemical profits.

Profit after tax was at Rs 19.1 billion (our estimate Rs 19.1 billion; up 28% QoQ).

Petrochemicals reported record profits in Q4 on the back of sharp spike in global commodity prices due to logistics disruptions.

For FY21, Ebitda/profit after tax was at Rs 64.5 billion (down 23%YoY) and Rs 47.7 billion (down 27%YoY) due to loss in gas trading business and volume loss in Q1.

Click on the attachment to read the full report:

Prabhudas Lilladher GAIL India Q4FY21 Result Update.pdf


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