GAIL stock slips on worries of gas supply disruptions despite strong Q1

Analysts remain positive with valuations ranging from Rs 176 to Rs 197

Despite strong Q1 results for the 2022-23 financial year (Q1FY23), gas marketing and trading public sector enterprise (PSU) GAIL saw a sell-off. The company reported Rs 37,572 crore in revenues, earnings before interest, tax, depreciation and amortisation (Ebitda) of Rs 4,365 crore, and profit after tax (PAT) of Rs 2,915 crore. Revenue was up 116 per cent year-on-year (YoY) while Ebitda was up 81 per cent YoY although the Q1FY23 margin of 11.6 per cent was down against 13.9 per cent YoY. The PAT was up 90 per cent YoY. Sequentially, revenues were up 39 per cent and Ebitda was