GAIL India Q3 Review — Risk-Reward Favorable Despite Weak Result; Systematix Maintains 'Buy' On The Stock

GAIL expects a minimum marketing Ebitda of Rs 45 billion in FY25, with a potential range of Rs 45-50 billion in FY26..NDTV Profit’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 NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Systematix Research Report.GAIL India Ltd.’s Q3 FY25 result was below our expectations on the back of lower than expected profit from gas trading business and lower transmission volume. Ebitda experienced a 24% sequential decline (-26% YoY) to Rs 28.4 billion, primarily driven by a 45% decrease in trading profit and 3.6% QoQ fall in transmission volume. However, LHC segment reported a strong growth of 47% QoQ to Rs 4.1 billion led by higher LPG price. Gas transmission volumes declined 4% QoQ at 125.9 million metric standard cubic metre per day (+3.6% YoY) due to reduced offtake in the power segment while the effective tariff remained stable at Rs2.13/scm. Ebitda/scm witnessed a 16% sequential decline to Rs 0.9/scm due to elevated spot LNG prices. Gas trading volumes grew by 7% QoQ to 103.5 mmscmd as the company sold 9 mmscmd in the international market. Further, the company received Rs 24.4 billion as a one-time settlement for the nonsupply of the contractual gas from Gazprom. Petrochemical utilisation remained healthy at 106% and reported Ebitda declined 54% QoQ to Rs 1.3 billion due to higher gas cost and shrinking HDPE margins..Click on the attachment to read the full report:.Adani Ports Q3 Results Review - Motilal Oswal Retains 'Buy' On The Stock, Sees 30% Upside — Here's Why.DISCLAIMERThis report is authored by an external party. NDTV Profit 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 author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

GAIL India Q3 Review — Risk-Reward Favorable Despite Weak Result; Systematix Maintains 'Buy' On The Stock

GAIL plans to enhance its CNG network by establishing 80 new stations and connecting 120,000 DPNG households over the next two years, adds the brokerage.

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