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


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