GAIL’s Strong Performance Expected In Q4; Biggest Candidate For Re-Rating: Motilal Oswal 
A GAIL India Ltd. logo sits on a sign during a news conference in New Delhi, India. (Photographer: Prashanth Vishwanathan/Bloomberg)

GAIL’s Strong Performance Expected In Q4; Biggest Candidate For Re-Rating: Motilal Oswal 

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.

Motilal Oswal Report

GAIL India Ltd. reported in line Ebitda, weighed by - in line performance of transmission business (natural gas and liquefied petroleum gas), while a much smaller loss in trading segment was largely offset by outstanding performance of the petrochemical business.

Petchem margins have improved QoQ on the back of improved product prices, led by strong demand from downstream manufacturers. The uptrend in petchem margins continues in Q4FY21’to-date.

However, these multi-year high margins would normalize with the increasing supply glut, especially due to additions from China.

Click on the attachment to read the full report:

Motilal Oswal GAIL India Q3FY21 Result Update.pdf

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