KR Choksey has come out with its earnings estimates on GAIL India for September quarter FY13. According to the research firm, the company's Q2FY13 sales are likely to go up by 1% at Rs 9,864 crore, Year-on-Year (YoY) basis.
The company's net profit is seen down 11% at Rs 969 crore, YoY. Share of subsidy will be lower and improvement in petrochemical prices will lead topline growth. Gas transmission will be ~118mmscmd but petrochemical deltas are improved on Q-o-Q basis.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!
