Strong performance: GAIL reported better than expected Q4FY20 resultsEBITDA Rs24.7bn (PLe: Rs16.9bn; +47% YoY) and PBT at Rs24.5bn (PLe Rs16.7bn; +19% YoY), respectively. EBIDTA also included provision write back of Rs1.38bn towards Konkan LNG impairment, Rs1.79bn for Gail Global USA and Rs1.17 for RGPPL. PAT at Rs 28.1bn got a boost from tax write back as company moved to lower tax regime. For FY20, EBIDTA and PBT of Rs83.6bn (-12%YoY) and Rs78bn (-17%YoY) respectively. PAT at Rs64.1bn...