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    HomeNewsBusinessEarningsGAIL Q3 profit after tax seen up 18.2% at Rs 945 cr

    GAIL Q3 profit after tax seen up 18.2% at Rs 945 cr

    State-run GAIL is set to announce its results for the quarter ended December 2010. According to CNBC-TV18 estimates, its profit after tax (PAT) is expected to go up by 18.2% at Rs 945 crore as against Rs 859.9 crore on year-on-year basis.

    January 18, 2011 / 11:06 IST
       
       
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      State-run GAIL is set to announce its results for the quarter ended December 2010. According to CNBC-TV18 estimates, its profit after tax (PAT) is expected to go up by 18.2% at Rs 945 crore as against Rs 859.9 crore on year-on-year basis.


      Sales are seen going up by 26.1% at Rs 7800 crore versus Rs 6187.8 crore. Operating profit margin is seen declining at 19.23% versus 20.52%.

      Q3 Expectations
      -Subsidy seen between Rs 400 - Rs 450 crore; Compares with Rs 346.4 crore in Q2FY11 and Rs 455 crore in Q3 last year; Margin decline to depend on actual subsidy provision
      -Modest sequential recovery in Transmission volumes; Recovery as PMT supply resumes, supply from spot cargoes; Average volumes seen upwards of 117 mmscmd versus 109 mmscmd YoY
      -Strength in Petchem, higher LPG realizations to support margins; Levy of marketing margins on APM gas to boost trading EBIT   

      first published: Jan 18, 2011 11:00 am

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