Robust performance fueled by turnaround in petchem segment

30 Jan 2024
5 Min read 
  • GAIL reported robust performance in 3QFY24, driven by turnaround in the petchem segment.
  •  EBITDA came in 10% higher than estimated, driven by strong performances in gas transmission, LPG, and petchem segments.
  •  GAIL anticipates robust domestic gas demand and projects gas transmission volumes to reach 124mmscmd by end-FY24.
  •  The company values the core business at 12x Dec25E adjusted EPS and has a TP of INR200.
  •  The company's financials and valuations show improving ratios and profitability.
  •  GAIL's debt-to-equity ratio is expected to decline, and cash flow is expected to improve.
Login / Open Demat Account to read the report

Never Miss Out on Hot Market Updates

Get exclusive market news delivered to your inbox - on priority