Gas Authority of India (GAIL) share price today: Sharekhan maintains Buy rating with revised price target of Rs 155.
Gas Authority of India (GAIL) share price today: GAIL’s Q3 FY21 operating profit at Rs 1920 cr (down 7.4% yoy; up 43.4% qoq) was 12% below estimate of Rs 2184 cr due to EBITDA loss of Rs 45 crore for the gas marketing business as compared to our and street expectation of positive EBITDA contribution from the segment.
GAIL reported PAT at Rs 1487 cr (up 18.9% yoy; up 20% qoq) was largely in-line with Sharekhan’s estimate as weak gas marketing performance was offset by robust petchem margin: Reuters