Key Insights

  1. Core EBIDTA rose 1.7x YoY and earnings rose ~2.5x in F2Q20, as strong volume growth continued and margins were still slightly above normal levels
  2. Overall gas demand grew 40% YoY, driven by industrial gas demand, as stricter pollution controls lead to a switch to cleaner fuels, like gas.
  3. Despite reducing retail gas prices for industrials, EBIDTA margin at Rs4.2/scm remains above historical average.
  4. With 12% decline in domestic gas prices in October, margins are likely to be sustained despite lower consumer prices.

Disclaimer: The above report is compiled from information available on public platforms. inChat team advises users to check with certified experts before taking any investment decisions.

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