Nov 21, 2000|
GAIL: Margins on the rise
Gas Authority of India Ltd. (GAIL) has shown a healthy growth in its topline. The company has commissioned its petrochemical unit, which has contributed to the growth.
|Operating Profit (EBDIT)
|Operating Profit Margin (%)
|Profit before Tax
|Profit after Tax/(Loss)
|Net profit margin (%)
|No. of Shares (eoy)
|Diluted Earnings per share*
|P / E Ratio
The company's OPM has increased by 160 basis points, which has resulted in the company reporting a strong growth in operating profits. In fact, the OPM has increased QoQ.
Although the pre-tax profits have improved substantially the company's tax liabilty has more than doubled resulting in a drop at the PAT level.
GAIL has recently commissioned the first part of its Jamnagar - Loni liquified petroleum gas (LPG) pipeline. The entire pipeline is expected to be commissioned by end of FY01. The pipeline will have a capacity of transporting 2.5 m tonnes of LPG and will feed LPG to five states. It plans to set up 2 more pipelines in the South.
At Rs 43.5 the company is trading at an earnings multiple of 3.6 on 2QFY01 annualised earnings.
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