GAIL (India) Ltd. share price target

Revenue rose by 2.11% to Rs. 12107.89 Cr in Q3FY17 when compared to the previous quarter. On the other hand, it fell by 9.35% when compared with Q3FY16.

Revenue decreased 9.8% YoY to Rs121 bn, EBIDTA grew 49.3% to Rs17.3 bn and PAT rose 48% to Rs9.8 bn (IDBIest Rs10.8 bn). On a positive note, volume saw significant growth across segment on YoY and even QoQ basis. Gas transmission/trading/Petchem/LHC volume...

ICICI Securities Ltd | Retail Equity Research Gail reported Q3FY17 numbers, which came in higher than our estimates. The topline declined 8.4% YoY to | 12318.6 crore but came in higher than our estimate of | 11328.1 crore mainly on account of higher than estimated natural gas trading revenues EBITDA increased 49.3% YoY to | 1726.1 crore (our estimate: | 1490.3 crore) mainly due to the strong performance across business segments and also higher EBIT in other segments (includes...

GAILs 3QFY17 EBITDA was at Rs 17.3bn ( 50% YoY), led by an improvement across transmission, petchem and LPG segments. APAT was at Rs 9.8bn ( 45%).

GAIL faced challenging times during FY14-16 given the plunge in gas volumes and lower profits in petchem/LPG segments (lower realisation and higher gas cost). As a result, EBITDA and PAT have declined 20% and 25% CAGR over the period.

GAIL (India) registered a 180% increase in Profit after Tax (PAT) in the second quarter of Financial Year 2016-17, boosted by a turnaround in its Petrochemical business and reduction in interest costs. The Company's PAT for the quarter ending 30th September, 2016 rose to Rs. 925 crore from Rs. 330 crore in the corresponding quarter of the last fiscal. GAIL's Profit before Tax (PBT) for the second quarter increased 151% to Rs. 1,375 crore against Rs. 548 crore in the corresponding quarter of the last fiscal. GAIL's PAT in the second quarter of FY 2016-17 rose by 9% vis- -vis the first quarter (excluding the gains from stake sale in Mahanagar Gas Limited) of current financial year, from Rs. 846...

ICICI Securities Ltd | Retail Equity Research Gail reported its Q2FY17 numbers, which came in higher than our estimates. The topline declined 14.9% YoY to | 12058.2 crore but came in higher than our estimates of | 10883.5 crore mainly on account of higher than estimated natural gas trading revenues EBITDA increased 81.8% YoY to | 1534.7 crore and came in above...

GAIL India's (GAIL) Q2FY17 result was a mixed bag where revenue was above expectation while EBITDA and PAT were below expectation on the back of lower than expected profit from gas trading division. However, the company witnessed strong volume and operating profit growth across its segment which bolster our positive outlook on the company. Also, petchem division has already achieved 90% utilization in early Q3FY17 which led to upward revision in estimates. We are raising our TP to Rs528 from Rs440. Maintain BUY....

GAIL reported robust results in 2QFY17 led by improvement across all segments (gas trading and petchem contributed to ~75% of YoY delta). EBITDA was at Rs 15.4bn ( 85% YoY) and APAT was at Rs 9.3bn ( 180%).

Higher volume was offset by lower realization, revenue below expectation GAIL India's (GAIL) Q1FY17 result was a mixed bag where revenue was below expectation while EBITDA and PAT were above expectation on the back of higher than expected profit from petchem division. GAIL's revenue declined 14.7% YoY to Rs107 bn owing to lower gas, petchem and LPG prices. However, gas transmission/trading/petchm sales volume increased...