About the Company:
GAIL (India) Limited, is a Maharatna PSU that 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 third quarter of the fiscal year ending December 2019.
- QoQ Performance: Consolidated Net sales/ revenue of the company recorded to Rs. 17898.16 crores, down by 1.93% in the December quarter of FY20. Total expenditure (excluding interest and depreciation expenses) is Rs.15726.83 crores, which is decreased by 5.24%. EBITDA numbers surged by 25.29%.
- YoY Performance: The Company has reported an 11.52% decrease in sales/revenue while expenditure (excluding interest and depreciation expenses) of the company have dropped by 9.77%.
- The profitability of the company: Net profit of the company landed at Rs. 2029.51 crores, increased by 73.82% QoQ and surged by 164.17% YoY.
- Dividend: The company has announced the Interim Dividend of Rs. 6.40 per equity share.
As per Lokesh Sethia, SEBI Registered Research Analyst, the stock was closed at Rs.121.95 per share, due to the average result, the target will be Rs. 142 per share for Long-Term view.
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