GAIL gets the better of costs: Q3 takeaways

GAIL on Tuesday came out with better-than-expected financial results for the quarter ended December 2018.

However, shares of the company slipped sharply from an intraday high of Rs 339 to Rs 326 immediately after the announcement of quarterly numbers. Later, the stock recovered its lost ground and closed 0.35 per cent up at Rs 331.35 on BSE.

Here are top key takeaways from GAIL’s third quarter results.


Net profit: The company posted 33.20 per cent rise in net profit at Rs 1,681.23 crore for October-December 2018 compared with Rs 1,262.22 crore in the same quarter last year. An analyst poll by ETNow projected a net profit of Rs 1,578 crore in Q3 FY19.

Sales: GAIL reported 37.30 per cent rise in sales to Rs 19,788 crore in the said quarter over Rs 14,414 crore a year before. ETNow had earlier forecast sales of Rs 18,986 crore.

Bonanza for shareholders: The board also announced payment of interim dividend of Rs 6.25 per share amounting to Rs 1,409.42 crore.

Expenses: Total expenditure increased to Rs 17,501.56 crore during the quarter under review as against Rs 12,837.13 crore in the same quarter last year.

Ebitda: Ebitda came in at Rs 2,673 crore as against Rs 1,992 crore in the year-ago quarter. the ETNow poll pegged the figure at Rs 2,476 crore.