GAIL Q2 outperforms, Motilal Oswal recommends buying at ₹200 target
Business
GAIL just posted a strong Q2 for FY2027, with profits and earnings way above expectations.
Motilal Oswal now recommends buying GAIL shares, setting a target price of ₹200 after the company's EBITDA came in 36% above Motilal Oswal's estimate.
GAIL PAT ₹46.5B beats forecasts
Most of GAIL's boost came from natural gas trading and its LPG and liquid hydrocarbons business: these segments outperformed projections by 43% and 65%.
The operating loss of petrochemicals came in below our estimate; overall profit after tax hit ₹46.5 billion, beating all forecasts.
Looking ahead, Motilal Oswal expects GAIL's profits to grow at 24% annually through FY2028.