Gail India reported Q2FY20 results that were below our estimates on the profitability front. The profitability of gas transmission came in above our estimates on operational basis. The gas trading business was impacted by the fertilisers plant shutdown and fall in LNG spot prices globally. The profitability of petchem and LPG segments was below estimates. Subsequently, EBITDA at | 1562.7 crore (down 46.6% YoY), came in below our estimates of | 2008.8 crore. Reported PAT at | 1064.3 crore (down 45.8%...