About the Company:
GAIL (India) Limited, is a Maharatna PSU was established in 1984 and India's pioneer Natural Gas company is integrating all aspects of the Natural Gas value chain including Exploration & Production, Processing, Transmission, Distribution and Marketing and its related services.
QoQ & YoY Performance:
India’s maharatna Company has declared the results for the second quarter of fiscal year ending September 2020.
- QoQ Performance: Consolidated Net sales/ revenue of the company reported to Rs. 18249.90 crores, down by 1.25% in the September quarter of FY20. Total expenditure (excluding interest and depreciation expenses) are Rs.16595.76 crores, is increased by 2.93%. EBITDA numbers declined by 24.94%.
- YoY Performance: The Company has posted to 5.70% decrease in sales/revenue while expenditure (excluding interest and depreciation expenses) of the company have dropped by 0.12%.
- Profitability of the company: Net profits of the company landed to Rs.1167.58 crores, dropped by 22.35% QoQ and declined by 34.73% YoY.
As per Lokesh Sethia, SEBI Registered, Research Analyst, the stock is trading at Rs.127 per share, due to fell in revenue to 5.70% YoY. So we recommend to avoid to take any position in the counter.