Domestic gas distributor company Gail India has released its second quarter results. The company's profit has been better than market estimates. However, during the quarter, the company's income, EBITDA and EBITDA margin have all been weaker than expected. The company's profit has seen an increase of 11 percent compared to last year and the profit has been Rs 2672 crore. At the same time, income through business has increased by 3.5 percent to Rs 32931 crore.

However, the company's profit, EBITDA, income and margin have seen a decline in the second quarter as compared to the first quarter. On Tuesday, GAIL India's stock closed at 196.4 with a gain of about 0.15 percent.

How were the quarterly results? According to the data released by the company, the profit of the second quarter was Rs 2,672 crore. However, the market was expecting a profit of Rs 2,591 crore. At the same time, the company's income remained at the level of Rs 32,911.7 crore. The market was expecting an income of Rs 33,451 crore. Along with this, the company's EBITDA remained at Rs 3,745 crore. However, the market was estimating Rs 4,095 crore. EBITDA margin remained at 11.4 percent, although the market was estimating a margin of 12.3 percent. According to a Reuters report, analysts believe that the company has benefited from the increase in gas transmission and trading volumes amid the softening of domestic gas prices. The company has a 52 percent share of the gas sold in the country and the main customers of the company are power and fertilizer sectors. The company's gas marketing segment, which focuses on wholesale trading and distribution of natural gas, saw its revenue grow by 3.7 percent to Rs 28,747 crore. At the same time, the natural gas transmission segment, which has a 70 percent share in the country's transmission market, grew by 12.1 percent to Rs 2846 crore.