What to expect from GAIL India Q2 results due on Friday

NEW DELHI: GAIL India Ltd is scheduled to report its results for the quarter ended September 30 on Friday, 25 October.

India’s largest gas transmission and marketing company is expected to report 15 per cent YoY drop in its second quarter results for the financial year 2014 to Rs 930 crore, as compared to Rs 1,105 crore reported in the year-ago period, according to an ET Now Poll.

According to analysts polled by ET Now, profits fall in gas volume and weak rupee is likely to impact profits. Transmission volumes is seen at 97.5 mmscmd as compared 105 mmscmd reported in the last September quarter.

Net sales of the company are likely to fall by 24.7 per cent for the September quarter to Rs 11,392 crore as compared to Rs 13,050 crore reported in the year-ago period.

EBITDA is seen at Rs 1,412 crore, which translates into 24.7 per cent fall in the second quarter of the financial year 2014, compared to Rs 1,877 crore in the year ago period.