GAIL Results

Gail Q4 FY24 results: Consolidated net profit of the country's largest gas distributer grew multi-fold compared to Q4 FY23

In Q2 FY24, the company's consolidated revenue from operations fell 14.6 per cent to Rs 33,049 crore from Rs 38,728 crore in the year-ago period

Sequentially, its net profit rose 179 per cent, up from Rs. 604 crore

In an emergency bid to secure stable LNG supply, GAIL has sought to expedite talks on short- and long-term supply deals with Gulf firm ADNOC

Analysts remain positive with valuations ranging from Rs 176 to Rs 197

Most analysts are positive about Q3 results and guidance, with target prices ranging between Rs 200 and Rs 250

Among sectors, all the key indices ended in the red, led by the Nifty IT index (down 2 per cent) and the Nifty Realty index (down 1.7 per cent). Nifty Auto index was the only gainer, up 0.4 per cent.

Realisations surprised positively, and transmission volumes too, didn't see significant impact of lockdown

Though margins fell in the September quarter, analysts expect a recovery and remain positive on volume growth outlook

Strong volume growth in the natural gas trading and transmission segments to support the stock price

Most segments, including gas transmission, marketing, LPG, and hydrocarbons, registered robust volume growth