GAIL India will release on Friday its financial results for the quarter ended September 30 and the state-owned firm is likely to report weak numbers today. The stock is down 25 percent in this year itself but it is up around 14 percent from its 52 week low levels.

The revenue on a sequential basis is expected to be flat, EBITDA should decline by around 11 percent to come in at Rs 2,088 crore and operating profit margins should slide by around 150 bps. Profit should also be quite flat to come in at Rs 1,483 crore.

Moving to segments, this time weak quarter will be driven by weakness in the LPG segment, the liquid hydrocarbon segment and the petrochemical segment yet again.

In the LPG segment, the realisations are expected to decline by nearly 27 percent on a quarter-on-quarter (QoQ) basis and that is why it will lead to 56 percent decline in the EBIT of that particular segment.

The gas transmission business is expected to be a good segment because of the tariff hikes that came about in July. GAIL is expecting a 2 percent increase in both transmission volumes and also the tariffs.

In the gas marketing business, which is the biggest business for the company, the Street is expecting lower marketing EBIT to come in at Rs 750 crore, which implies a decline of around 12 percent odd.

In the last quarter, the petrochemical business reported a loss because of a lot of shutdowns. This time around the petrochemical facility has been working at a utilisation of almost 100 percent. Nomura is expecting a 7 percent decline in realisations and there could be a possibility that this time as well, because of the global weakness petrochemical business, will again report a loss.