GAIL (India) Ltd's Q1FY19 standalone net profit rises 22.78% yoy to Rs1,259.25cr: Beats Estimates

The company’s standalone revenue in the period stood at Rs17,298.59cr, up 51.65% yoy.

Aug 10, 2018 10:08 IST India Infoline Research Team

GAIL (India) Ltd Q1FY19

Standalone Results Q1FY19: (in Rs cr)

Q1FY19 YoY (%)
Revenue 17,298.59 51.7
EBITDA 2,243.62 18.1
EBITDA Margin (%) 13 [368]
Net Profit 1,259.25 22.8
***EBITDA margin change is bps

GAIL (India) Ltd reported Q1FY19 results beating the estimates. Net revenue grew 51.7% yoy to Rs17,298.59cr against Rs11,406.9cr in Q1FY18, beating the estimate of Rs15,864cr. EBITDA for the quarter grew 18.1% yoy to Rs2,243.62cr against Rs1,899.35cr, beating the estimate (Rs2,010cr). EBITDA margin declined 368bps yoy to 13%. Net profit for the quarter grew 22.8% yoy to Rs1,259.25cr against Rs1,025.64cr last year, beating the estimate (Rs1,164cr).

• Growth in PAT was supported by better physical performance in every segment: natural gas marketing & transmission volumes were up 24% and 7%, respectively; petrochemical sales was up 27%; liquid hydrocarbon sales was up 7%; and LPG transmission was up 1%.
• Natural gas transmission segment revenue grew 14.8% yoy to Rs1,311.48cr against Rs1,142.73cr, and EBIT grew 3.4% yoy to Rs702.83cr
• Natural gas marketing segment revenue grew 64.7% yoy to Rs14,034.7cr
• Petrochemicals segment revenue grew 20.2% yoy to Rs1,613.39cr and EBIT grew 339.4% yoy to Rs207.77cr
• LPG and liquid hydrocarbons segment revenue grew 8.5% yoy to Rs1,072.54cr

Technical View:

GAIL (India) Ltd ended at Rs362.80, down 12.75 points, or 3.4%, from its previous close of Rs375.55 on the BSE. The scrip opened at Rs375.90 and touched a high and low of Rs386 and Rs354.30, respectively. A total of 90,49,745 (NSE+BSE) shares were traded on the counter. The stock traded below its 50 DMA.

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