Gail Q4 PAT seen 97% up at Rs 975 cr

MUMBAI: GAIL is likely to report a 97 per cent jump in net profit to Rs 975 crore for quarter ended March 2013 from Rs 483 crore in the corresponding quarter last fiscal.

The sales are seen at Rs 11,737 crore, 12 per cent, from Rs 10,488 crore in the year-ago period.

EBITDA is seen at Rs 1,438 crore, up 87 per cent, compared to Rs 767 crore, year-on-year.

According to analysts, polymer prices have grown sharply internationally in the fourth quarter and pricing improvement is likely to cushion earnings.

They see subsidy burden at Rs 710 crore vs Rs 700 crore. Gas transmission volumes may continue to remain a worry.