November 23, 2024 02:25 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
'Third World War has begun:' Ex-Ukraine military commander-in-chief Valery Zaluzhny | UK-India Free Trade Agreement negotiations to resume in early 2024 | UK can arrest Benjamin Netanyahu if he visits country based on ICC warrant | Centre to send over 10,000 additional soldiers to violence-hit Manipur amid fresh violence | Chhattisgarh: 10 Maoists killed during encounter with security forces in Sukma
GAIL Q1FY25: Net profit rises 78% to Rs 3,183 cr
Photo Courtesy: Wikimedia Commons

GAIL Q1FY25: Net profit rises 78% to Rs 3,183 cr

| @indiablooms | 30 Jul 2024, 08:19 pm

Mumbai: State-run GAIL reported a consolidated net profit of Rs 3,183 crore for the quarter ending June 2024, up 78% from the Rs 1,793 crore recorded in the same quarter the previous year, media reports said.

The company's revenue from operations rose 6% year-on-year to Rs 34,822 crore, compared to Rs 32,849 crore during the same period last year, reported Economic Times.

On a sequential basis, GAIL's profit after tax increased by 29% to Rs 3,183 crore from Rs 2,469 crore reported in the previous March quarter. Revenue from operations also grew by 6% compared to the fourth quarter of the last fiscal year.

The company reported an EBITDA of Rs 4,790 crore in the reported quarter, an 80% increase from Rs 2,660 crore in the same quarter the previous year, with EBITDA margins improving significantly to 13.8%.

Total expenses during the quarter saw a marginal increase to Rs 31,393 crore, up from Rs 31,095 crore in the corresponding period last year.

In terms of segment performance, revenue from natural gas rose to Rs 2,864 crore in the first quarter, compared to Rs 2,529 crore in the same period last year.

The LPG segment reported revenues of Rs 180 crore. Revenue from natural gas marketing increased to Rs 33,119 crore in the April-June 2024 period, up from Rs 31,954 crore in the corresponding period the previous year.

On Tuesday, GAIL's shares were trading 0.7% higher at Rs 233.49 on the NSE.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.