GAIL (India) Limited has announced its financial results for the quarter ended June 2024. The company showcased strong financial performance in Q1 FY25. The company’s Revenue from Operations increased to ₹33,692 crore, compared to ₹32,227 crore in Q1 FY24, reflecting a notable year-on-year growth.
The Profit before Tax (PBT) surged to ₹3,642 crore in Q1 FY25 from ₹1,889 crore in the same quarter of the previous fiscal year. Furthermore, Profit after Tax (PAT) also saw a significant rise, reaching ₹2,724 crore in Q1 FY25, up from ₹1,412 crore in Q1 FY24.
On a quarter-on-quarter basis, GAIL maintained its upward trajectory. The Revenue from Operations in Q1 FY25 was ₹33,692 crore, an increase from ₹32,335 crore in Q4 FY24. The PBT registered a robust growth of 28%, climbing to ₹3,642 crore in Q1 FY25 from ₹2,842 crore in Q4 FY24.
Similarly, the PAT saw a substantial rise of 25%, reaching ₹2,724 crore in Q1 FY25, up from ₹2,177 crore in the preceding quarter. This impressive growth can be attributed to increased Gas Transmission volumes, a rise in domestic Natural Gas Marketing volumes, and improved Natural Gas marketing margins.
On a consolidated basis, GAIL’s performance was equally impressive. The Revenue from Operations stood at ₹34,822 crore in Q1 FY25, compared to ₹32,833 crore in Q4 FY24. The consolidated PBT in Q1 FY25 was ₹4,114 crore, up from ₹3,099 crore in Q4 FY24. Moreover, the PAT, excluding Non-controlling interest, was ₹3,183 crore in Q1 FY25, showing a significant increase from ₹2,469 crore in the previous quarter.
These results highlight GAIL’s strong operational capabilities and strategic focus on enhancing its gas transmission and marketing volumes. The company’s improved financial metrics reflect its resilience and robust market positioning in the energy sector.
Commenting on the financial performance, the Chairman and Managing Director of GAIL, Shri Sandeep Kumar Gupta, said, “The company has incurred a Capex of about ₹1,659 crore during the current quarter, mainly on Pipelines, Petrochemicals, Equity to JVs, etc. which is about 21% of annual target of ₹8,044 crore.”
He further added, “GAIL has advanced its Net Zero carbon target for scope-1 and scope-2 emissions to 2035 from earlier 2040.”
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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