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Prabhudas Lilladher’s research report on GAIL (India)
GAIL reported lower than estimated EBITDA of Rs35.6bn (down 7% QoQ, PLe: Rs40.5bn) while PAT came in at Rs21.8.bn (down 23% QoQ, PLe: Rs27bn). Decline in PAT was also due to additional depreciation of Rs1.7bn during the quarter on account of capitalization of…
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