GAIL Q1 net seen down 14.8% at Rs 966.5 cr: Nirmal Bang

Jul 24, 2013, 06.18 PM IST

Nirmal Bang expects GAIL India to report a 56.4 percent growth quarter-on-quarter (degrowth of 14.8 percent year-on-year) in net profit at Rs 966.5 crore.

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GAIL Q1 net seen down 14.8% at Rs 966.5 cr: Nirmal Bang

Nirmal Bang expects GAIL India to report a 56.4 percent growth quarter-on-quarter (degrowth of 14.8 percent year-on-year) in net profit at Rs 966.5 crore.

Like this story, share it with millions of investors on M3

GAIL Q1 net seen down 14.8% at Rs 966.5 cr: Nirmal Bang

Nirmal Bang expects GAIL India to report a 56.4 percent growth quarter-on-quarter (degrowth of 14.8 percent year-on-year) in net profit at Rs 966.5 crore.

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Nirmal Bang has come out with its first quarter (April-June) earnings estimates for the oil and gas sector. The brokerage house expects GAIL India to report a 56.4 percent growth quarter-on-quarter (degrowth of 14.8 percent year-on-year) in net profit at Rs 966.5 crore.

Revenues are expected to decrease by 1.8 percent Q-o-Q (up 9.9 percent Y-o-Y) to Rs 12188.5 crore, according to Nirmal Bang.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 44.2 percent Q-o-Q (down 13.7 percent Y-o-Y) to Rs 1638.8 crore.

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