- GAIL India’s net income for the third quarter was 38.7 billion rupees, marking a 36% increase year-over-year. This surpassed the market estimate of 24 billion rupees.
- The company reported revenue of 349.6 billion rupees, growing by 2.1% compared to the same period last year, and exceeding the estimated 316.94 billion rupees.
- Total costs amounted to 331.2 billion rupees, an increase of 5.6% year-over-year.
- Other income experienced a decrease of 7.6%, totaling 7.5 billion rupees in this quarter.
- A dividend of 6.50 rupees per share was declared for this period.
- GAIL India’s shares rose by 3.2%, reaching 170.56 rupees, with 12.6 million shares traded.
- The stock received 25 buy recommendations, 6 hold recommendations, and 4 sell recommendations from analysts.
A look at Gail India Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Looking ahead for Gail India, the company seems to have a solid foundation based on the Smartkarma Smart Scores. With a high score in the Dividend category and a strong Value score, Gail India appears to be in a good position to provide consistent returns to its investors. While the Growth score is not as high, the company’s Resilience score suggests it has the ability to weather market fluctuations. However, with a lower Momentum score, Gail India may face challenges in terms of short-term price performance.
In summary, Gail India Limited, a Government of India undertaking, focuses on processing and distributing natural gas and liquefied petroleum gas. The Smartkarma Smart Scores indicate that the company has a promising long-term outlook, especially in terms of dividends and value. Investors may find Gail India attractive for its stable dividend payouts and potential for growth, although short-term momentum may be a concern.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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