GAIL (India) Ltd reported a steady performance for the September quarter, with net profit rising 17.6% sequentially to ₹2,217 crore, coming in above street estimates.
The company’s revenue from operations grew 6.38% YoY to ₹35,031 crore, also slightly ahead of expectations.
At the operating level, EBITDA came in at ₹3,191.4 crore, marginally higher than estimates, while the EBITDA margin improved to 9.1%, compared with projections of about 8.2%. However, both EBITDA and margins narrowed on a year-on-year basis, reflecting some cost pressures.
(more to come)