GAIL reported weak results led by : (1) lower profits in petchem/LPG segments due to falling realisations and usage of LT RLNG as RM (2) Inventory losses in gas tradingand (3) Rs 5bn oil UR sharing for 2QFY15 (vs Rs 0.01bn YoY). EBITDA came in at Rs 9.9bn (-57%) and consequently PAT stood at Rs 5.4bn (-61%).