HDFC Securities: GAIL Q2 Review - Petrochemical Segment Performing Well
A GAIL India Ltd. logo sits on display during a news conference in New Delhi, India (Photographer Prashanth Vishwanathan/Bloomberg)

HDFC Securities: GAIL Q2 Review - Petrochemical Segment Performing Well

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.

HDFC Securities Report

GAIL India Ltd. reports 15% compound annual growth rate expansion in gas transmission volume over FY21-23E to 137 million metric standard cubic meter per day on the back of -

1. increase in domestic gas production, 2. increase in demand of regasified liquefied natural gas, and 3. completion of major pipelines in the eastern and southern part of India.

Q2 FY21 Ebitda was 9% below our estimate owing to higher-than-expected operating expenses, offset by a 14% rise in revenue.

Click on the attachment to read the full report:

HDFC Securities GAIL (India) Q2FY21 Results Review.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.