NRI Business Associate
GAIL's gas marketing profitability to remain elevated in Q4FY22.
OPEN
GAIL (India)
- Robust Q3FY22 performance led by gas marketing, petchem, and LPG (Liquefied petroleum gas) segments. Six LNG cargoes from the US were sold in overseas markets in Q3FY22 versus eight in Q2FY22 and 14 in Q1FY22 given an increase in domestic demand.
- Gas marketing profitability to remain elevated in Q4FY22.
- Gas marketing segment EBITDA jumped to record levels in 3QFY22 driven by robust spreads for US LNG versus spot LNG.
- We expect operating performance improvement across key segments in FY22-24E. We expect robust contribution from key business segments during FY2022-24E.
- We expect GAIL to benefit from—(1) elevated LNG and crude prices and (2) the uptick in domestic gas supply and consumption over the next few years.
- Sum-of-the-parts based fair value is Rs.195. GAIL trades at attractive valuations
Note: The above is a brief note on the company, based on the inputs of the KIE research report dated 4th February 2022, which is available on their website at: https://www.kotaksecurities.com/ksweb/ResearchCall/Fundamental. Disclaimer: http://bit.ly/2n5AxIE
Looking to invest in GAIL India and other Indian stocks? Open your NRI Demat & Trading Account with Lakshit Financial
Disclaimer: Investment in securities market are subject to market risks, read all the related documents carefully before investing. Please refer the Risk Disclosure Document issued by SEBI and go through the Rights and Obligations and Do's and Dont's issued by Stock Exchanges and Depositories before trading on the Stock Exchanges .
NRI Product Page
DID YOU KNOW? As an NRI/OCI, you can invest in IPOs, Mutual Funds and purchase Shares, ETFs or convertible debentures of an Indian company through stock exchanges. All it takes is linking your NRO or NRE account to an active NRI Demat account in India on a repatriable or non-repatriable basis, based on your requirements. Click here to learn more about NRI 3-IN-1 Account
OPEN YOUR NRI ACCOUNT NOW!
Fill in your details and we will get in touch with you .
Contact Us
Products and services available only for
Non Resident Indian (NRI) / Overseas Citizen of India (OCI)
Note: Please note that by submitting the above mentioned details, you are authorising Lakshit Financial to call you and send promotional communication even though you may be registered under DNC.
*The above process does not apply to US/Canada clients.
Authorised Person
Lakshit Financial is Authorized Person of Kotak Securities Limited in cash segments of BSE & NSE and NSE F&O segments with NSE. Lakshit Financial registration number: BSE CASH AP0106730124228 | NSE CASH AP029177621 | NSE F&O AP029177621. Lakshit Financial Registered Office: ASM 7, Ashwin Sector, Mumbai Agra Highway, CIDCO, Nasik 422009, Maharashtra, India. Kotak Securities Limited. Registered Office: 27 BKC, C 27, G Block, Bandra Kurla Complex, Bandra (E), Mumbai 400051. CIN: U99999MH1994PLC134051. Correspondence Address: Infinity IT Park, Bldg. No 21, Opp. Film City Road, A K Vaidya Marg, Malad (East), Mumbai 400097. SEBI Registration No. INZ000200137 (Member of NSE, BSE, MSE, MCX & NCDEX). Member Id: NSE-08081; BSE-673; MSE-1024; MCX-56285; NCDEX-1262. AMFI ARN 0164, PMS INP000000258 and Research Analyst INH000000586. NSDL/CDSL: IN-DP-NSDL-23-97.
Disclaimer: Investment in securities market are subject to market risks, read all the related documents carefully before investing. Please refer the Risk Disclosure Document issued by SEBI and go through the Rights and Obligations and Do's and Dont's issued by Stock Exchanges and Depositories before trading on the Stock Exchanges.
Charges for Other Services | Disclaimer | Privacy & Security | BSE | NSE | SEBI | SCORES | Anti Money Laundering Measures | Important Policies | Dos & Donts | Advisory for investors