Oil & Gas Q1 Results Preview - Higher Gas Demand To Benefit GAIL, Petronet LNG; CGDs Margin To Dip: Systematix

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Systematix Research Report.Our gas coverage universe’s Ebitda is expected to grow at a healthy pace of 27% YoY (+6.6% QoQ) to Rs 70 billion while margins are forecasted to rise by 164 basis points YoY (31 bps QoQ) to 12%. Strong growth is expected to higher gas consumption growth despite higher gas prices. As per PPAC, gas consumption volume has been averaged at 185 million metric standard cubic metre per day during Apr-May 2025 versus 175/181 mmscmd YoY/QoQ. Though majority of growth is expected to be delivered by GAIL India Ltd. and Petronet LNG Ltd. while city gas distributions are expected to report a decline in Ebitda owing to higher gas cost due to lower APM allocation and flattish to lower realisation. Reliance Industries Ltd. is also expected to report a sharp decline at Ebitda sequentially owing to lower oil-to-chemical and retail business profits. GAIL and Petronet LNG, however, expected to benefit from higher gas volume and better marketing margins. We maintain our Neutral stance on the sector and keep a Hold rating on most of the coverage universe except a Sell on Gujarat Gas..Click on the attachment to read the full report:.Oil And Gas Q1 Results Preview – Weak Start To FY25: ICICI Securities.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Oil & Gas Q1 Results Preview - Higher Gas Demand To Benefit GAIL, Petronet LNG; CGDs Margin To Dip: Systematix

Reliance’s Ebitda to dip 8% QoQ on lower oil-to-chemical and retail profits

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Oil & Gas Q1 Results Preview - Higher Gas Demand To Benefit GAIL, Petronet LNG; CGDs Margin To Dip: Systematix

Reliance’s Ebitda to dip 8% QoQ on lower oil-to-chemical and retail profits

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