Gujarat Gasoline slips 4% on weak Q2 present; Elara Capital maintains purchase, reduce goal to Rs 916


Share worth of Gujarat Gasoline slipped Four % intraday Monday as firm has reported weak set of numbers for the quarter ended September 2018.

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The corporate’s Q2 revenue fell 32.Eight % at Rs 41.07 crore versus Rs 61.08 crore, whereas income rose 41.2 % at Rs 1,964.three crore versus Rs 1,391.2 crore.

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Its EBITDA fell 21.Eight % at Rs 160.Four crore versus Rs 205 crore and margin was down at 8.2 % versus 14.7 %, YoY.

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Brokerage: IDFC Securities | Score: Outperformer…

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