Motilal Oswal: GAIL - Gas Trading Impedes Overall Q2 Performance, But Should Aid Soon  
A GAIL India Ltd. logo sits on a sign during a news conference in New Delhi, India. (Photographer: Prashanth Vishwanathan/Bloomberg)

Motilal Oswal: GAIL - Gas Trading Impedes Overall Q2 Performance, But Should Aid Soon  

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 lower-than-estimated Q2 FY21 Ebitda, led by continued poor performance in gas trading for the second consecutive quarter.

However, other segments reported better numbers (with petrochememical being a surprise).

Gas transmission volumes stood at 106 million metric standard cubic meter per day (down 2% YoY) in Q2 FY21, although above FY20 average.

The company expects further increase in transmission and trading volumes in the coming quarters.

Click on the attachment to read the full report:

Motilal Oswal GAIL India Q2FY21 Result Update.pdf

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