GAIL (India) Ltd's Q3FY19 standalone net profit rises 33.2% yoy to Rs1,681.23cr: Beats Estimates

The company’s standalone revenue stood at ~Rs19,789cr, up 37.3% yoy.

Feb 05, 2019 10:02 IST India Infoline Research Team

GAIL (India) Ltd Q3FY19

Standalone Results Q3FY19: (Rs. in cr)

Q3FY19 YoY (%)
Revenue 19,788.98 37.3
EBITDA 2,673.48 34.2
EBITDA Margin (%) 13.5 [31]
Net Profit 1,681.23 33.2
***EBITDA margin change is bps

GAIL India Ltd.'s Q3FY19 results beat consensus estimates. Revenue grew by 37.3% yoy to Rs19,788.98cr against Rs14,414.34cr in Q3FY18, beating the estimate of Rs18,985cr. EBITDA for the quarter grew by 34.2% yoy to Rs2,673.48cr against Rs1,991.87cr, beating the estimate of Rs2,476cr. EBITDA margin declined by 31bps yoy to 13.5%. Net profit for the quarter grew by 33.2% yoy to Rs1,681.23cr against Rs1,262.22cr last year, beating the estimate of Rs1,578cr.

• Natural gas transmission revenue grew by 10.6% yoy to Rs1,472.16cr in Q3FY19 against Rs1,331.3cr in Q3FY18.
• Natural gas marketing segment revenue grew by 46.3% yoy to 16,196.88cr in Q3FY19 against Rs11,069.13cr.
• Petrochemicals segment revenue grew by 10.8% yoy to Rs1,599.41cr in Q3FY19.
• LPG and liquid hydrocarbon segment revenue grew by 24.8% yoy to Rs1,512.15 against Rs1,211.41cr in Q3FY18.

Technical View:

GAIL (India) Ltd is currently trading at Rs. 332.50, up by 2.3 points or 0.7% from its previous closing of Rs. 330.20 on the BSE.
The scrip opened at Rs. 330.55 and has touched a high and low of Rs. 339 and Rs. 326 respectively. So far 61,72,722 (NSE+BSE) shares were traded on the counter. The stock is currently trading above its 200 DMA.

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