Gas transmission segment volumes were down 2.1% YoY at 106.4 mmscmd (our estimate: 105 mmscmd). Transmission volumes surpassed FY20 levels during the current quarter and are expected to improve further post commission of pipelines. Going ahead, we estimate 105.7 mmscmd and 118.5 mmscmd for FY21E and FY22E, respectively, on account of additional domestic gas from newer fields. The gas transmission EBIT at | 1021.2 crore was up 27.2% YoY and came in above our estimates. On the gas trading front, volumes fell 6.4% YoY to 88.6 mmscmd. Gas trading loss was at | 364...