Gail (Q2FY24): Transmission and Trading Segments Outperform. Maintain BUY
Q2FY24 reported EBITDA/PAT at INR 35/24bn, came in above our estimates, driven by an improvement in natural gas transmission volumes and higher...
222 Views
GAIL (Q1FY24): Earnings Supported by Transmission Segment. Maintain BUY
Q1FY24 reported EBITDA/PAT at INR 24/14bn, came in below our estimates, impacted by weak earnings from the LPG and Liquid Hydro Carbon (LHC) segment
180 Views
Gail (Results Review 4QFY23): Earnings Impacted by One-Offs
Our BUY recommendation on GAIL with a target price of INR 125 is based on (1) an increase in gas transmission volume to 123mmscmd by FY25 on the...
198 Views
HSIE Results Daily: Indian Oil Corporation, Godrej Consumers, Ambuja Cement, Gail
Our ADD rating on Indian Oil Corporation (IOCL), with a target price of INR 100, is premised on robust refining and marketing margins, partially...
380 Views
HSIE Results Daily: Indian Oil Corporation, Godrej Consumers, Ambuja Cement, Gail, ACC, CDSL
IOCL reported EBITDA of INR 213bn (+11x YoY, -4% QoQ), which was broadly in line, while APAT came in at INR 130bn, marginally below estimate
417 Views