GAIL Q2 PAT may dip 20% at Rs 786 cr: KR Choksey
According to KR Choksey, GAIL India may report a percent degrowth quarter-on-quarter (down 20 percent Y-o-Y) in net profit at Rs 786 crore.
October 25, 2013 / 11:08 IST
KR Choksey has come out with its second quarter (July-September) earnings estimates for the oil & gas sector. The brokerage house expects GAIL India to report a 3 percent degrowth quarter-on-quarter (down 20 percent Y-o-Y) in net profit at Rs 786 crore.
Revenues of GAIL are expected to increase by 4 percent Q-o-Q (up 17 percent Y-o-Y) to Rs 13,375 crore, according to KR Choksey.Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 6 percent Q-o-Q (down 14 percent Y-o-Y) to Rs 1,425 crore.KR Choksey's Report on GAIL India:Share of subsidy is expected to be around Rs 700 crore and improvement in petrochemical prices will lead top line growth. Gas transmission will be 95-96 mmscmd and the cost of production for LPG is expected to climb up as KG D6 volumes will be swapped with LNG volumes.Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!