GAIL India Ltd.'s Q1FY20 results meets consensus estimates. Revenue grew by 6% yoy to Rs18,463cr against Rs17,418cr in Q1FY19. EBITDA for the quarter grew by 2% yoy to Rs2,410cr against Rs2,363c. EBITDA margin declined by 52bps yoy to 13.1%. Net profit for the quarter grew by 2.2% yoy to Rs1,288cr against Rs1,259cr yoy.
GAIL (India) Ltd is currently trading at Rs. 123.95, up by 2.05 points or 1.68% from its previous closing of Rs. 121.90 on the BSE.
The scrip opened at Rs. 122.45 and has touched a high and low of Rs. 125.30 and Rs. 120.65 respectively. So far 1,26,44,025 (NSE+BSE) shares were traded on the counter. The stock is currently trading above its 200 DMA.
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