GAIL - Petrochemical Steals The Show In Q3: IDBI Capital
A GAIL India Ltd. logo sits on display during a news conference in New Delhi, India (Photographer Prashanth Vishwanathan/Bloomberg)

GAIL - Petrochemical Steals The Show In Q3: IDBI Capital


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.

IDBI Capital Report

GAIL India Ltd.’s Q3 FY21 Ebitda was largely in line while profit after tax was above our forecast led by higher than expected other income.

Stellar performance by petrochemicals benefiting from highest-ever utilisation level at 114% was largely offset by third consecutive quarterly Ebitda loss at trading business.

Gas transmission business volume remained flattish YoY (up 4% QoQ) at 110.3 million metric standard cubic meter per day while liquid hydrocarbons business saw a marginal dip at its Ebitda level.

Click on the attachment to read the full report:

IDBI Capital GAIL Q3FY21 Result Update.pdf


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