GAIL (India) Ltd. Results

H1FY25 & Q2FY25 Result Announced for GAIL (India) Ltd.

Utilities:Non-Electrical company GAIL (India) announced H1FY25 & Q2FY25 results Q2FY25 Financial Highlights: Revenue from Operations was reported at Rs 32,931 crore in Q2FY25 as against Rs 33,692 crore in Q1FY25. PBT stood at Rs 3,453 crore in Q2FY25 as against Rs 3,642 crore during Q1FY25. PAT stood at Rs 2,672 crore in Q2FY25 as against Rs 2,724 crore in Q1FY25. Petrochemical segment clocked PBT of Rs 157 crore as against loss of Rs 42 crore in Q1 FY’25. H1FY25 Financial Highlights: Revenue from Operations of Rs 66,622 crore for the period H1FY25 as compared to Rs 64,050 crore in H1FY24. Profit before Tax (PBT) for H1FY25 stood at Rs 7,095 crore as compared to Rs 5,019 crore for the H1FY24. Profit after Tax (PAT) stood at Rs 5,396 crore in H1FY25 as compared to Rs 3,817 crore in H1FY24.

Q1FY25 Quarterly Result Announced for GAIL (India) Ltd.

Non-Electrical Utilities company GAIL (India) announced Q1FY25 results: Revenue from Operations of Rs 33,692 crore in Q1FY25 as against Rs 32,227 crore in Q1FY24. Profit before Tax (PBT) in Q1FY25 stood at Rs 3,642 crore as against Rs 1,889 crore in Q1FY24. Profit after Tax (PAT) in Q1FY25 stood at Rs 2,724 crore as against Rs 1,412 crore in Q1FY24. Quarter on Quarter basis, Revenue from Operations was higher at Rs 33,692 crore in Q1FY25 as against Rs 32,335 crore in Q4 FY-24. PBT registered a robust growth of 28% to Rs 3,642 crore in Q1FY25 as against Rs 2,842 crore during Q4 FY-24. PAT increased by 25% to Rs 2,724 crore in Q1FY25 as against Rs 2,177 crore in Q4FY24 mainly on account of increased Gas Transmission volumes, increased domestic Natural Gas Marketing volume and improved Natural Gas marketing margins. On Consolidated basis, Revenue from Operations stood at Rs 34,822 crore in Q1FY25 as against Rs 32,833 crore during Q4FY24. PBT in Q1FY25 stood at Rs 4,114 crore as against Rs 3,099 crore in Q4FY24. PAT (excluding Non-controlling interest) was Rs 3,183 crore in Q1FY25 as against Rs 2,469 crore in Q4FY24. Sandeep Kumar Gupta, Chairman & Managing Director, GAIL said that, the Company has incurred a Capex of about Rs 1,659 crore during the current quarter, mainly on Pipelines, Petrochemicals, Equity to JVs, etc. which is about 21% of annual target of Rs 8,044 crore. He further stated that GAIL has advanced its Net Zero carbon target for scope-1 and scope-2 emissions to 2035 from earlier 2040.

Q4FY24 Quarterly & FY24 Annual Result Announced for GAIL (India) Ltd.

Non-Electrical Utilities company GAIL (India) announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Revenue from Operations: Rs 32,335 crore (down from Rs 34,254 crore in Q3FY24) Profit before Tax (PBT): Rs 2,842 crore (down from Rs 3,694 crore in Q3FY24) Profit after Tax (PAT): Rs 2,177 crore (down from Rs 2,843 crore in Q3FY24) Natural Gas transmission volume: 123.65 MMSCMD (up from 121.54 MMSCMD in Q3FY24) Gas marketing volume: 99.90 MMSCMD (up from 98.14 MMSCMD in Q3FY24) LHC sales: 261 TMT (up from 249 TMT in Q3FY24) Polymer sales: 242 TMT (up from 215 TMT in Q3FY24) FY24 Financial Highlights: Profit before Tax (PBT): Rs 11,555 crore (up 75% from Rs 6,584 crore in FY23) Profit after Tax (PAT): Rs 8,836 crore (up 67% from Rs 5,302 crore in FY23) Revenue from Operations: Rs 1,30,638 crore (down from Rs 1,44,302 crore in FY23) Natural Gas transmission volume: 120.46 MMSCMD (up 12% from 107.28 MMSCMD in FY23) Gas marketing volume: 98.45 MMSCMD (up from 94.91 MMSCMD in FY23) LHC sales: 998 TMT (up 7% from 929 TMT in FY23) Polymer sales: 787 TMT (up 97% from 399 TMT in FY23) Consolidated Revenue from Operations: Rs 1,33,500 crore (down from Rs 1,45,875 crore in FY23) Consolidated Profit before Tax (PBT): Rs 12,595 crore (up 74% from Rs 7,256 crore in FY23) Consolidated Profit after Tax (PAT) (excluding Non-controlling interest): Rs 9,899 crore (up 76% from Rs 5,616 crore in FY23) Sandeep Kumar Gupta, Chairman & Managing Director, GAIL said that the robust performance during FY 2024 is primarily driven by better physical performance across all major segments, despite lower prices in Petrochemicals and Liquid Hydro-Carbons. He also stated that the Company has incurred a Capex of Rs 11,426 crore during the FY24. He further stated that GAIL’s Board approved laying of C2/C3 liquid pipeline from Vijaipur to Auraiya having estimated Project Cost of Rs 1,792 Crores with commissioning period of 32 months. The project will augment feedstock availability with additional polymer production at Pata Petrochemical Complex, reduce energy consumption and carbon footprint.

Q2FY24 Quarterly & H1FY24 Bi-Annual Result Announced for GAIL (India) Ltd.

Non-electrical Utilities company GAIL (India) announced Q2FY24 & H1FY24 results: Financial Performance: - GAIL (India) reported Revenue from Operations of Rs 64,050 crore for Q2FY24, compared to Rs 76,063 crore in Q2FY23. - Profit before Tax (PBT) for H1FY24 stood at Rs 5,019 crore, compared to Rs 5,770 crore in the corresponding period of the previous year. - Profit after Tax (PAT) stood at Rs 3,817 crore, compared to Rs 4,452 crore in the corresponding period of the previous year. - Quarter on Quarter basis, Revenue from Operations reported is Rs 31,823 crore in Q2FY24, compared to Rs 32,227 crore in Q1FY24. - PBT registered a jump of 66% to Rs 3,130 crore in Q2FY24, compared to Rs 1,889 crore in the previous quarter. - PAT followed the way with an increase of 70% to Rs 2,405 crore in Q2FY24, compared to Rs 1,412 crore in the previous quarter. Operational Performance: - Natural gas transmission volume stood at 120.31 MMSCMD in Q2FY24, compared to 116.33 MMSCMD in Q1FY24. - Gas marketing volume stood at 96.96 MMSCMD in Q2FY24, compared to 98.84 MMSCMD in the previous quarter. - LHC sales stood at 242 TMT in Q2FY24, compared to 247 TMT in the previous quarter. - Polymer sales stood at 168 TMT in Q2FY24, compared to 162 TMT in the previous quarter. Consolidated Performance: - On a consolidated basis, Revenue from Operations stood at Rs 65,898 crore in H1FY24, compared to Rs 76,671 crore during H1FY23. - PBT in H1FY24 stood at Rs 5,421 crore, compared to Rs 5,905 crore in H1FY23. - PAT (excluding Non-controlling interest) was Rs 4,236 crore in H1FY24, compared to Rs 4,568 crore in H1FY23. - The Consolidated Revenue from Operations on a quarterly basis stood at Rs 33,049 crore in Q2FY24, compared to Rs 32,849 crore in Q1FY24. - PBT registered a growth of 37% to Rs 3,138 crore in Q2FY24, compared to Rs 2,283 crore in the previous quarter. - PAT (excluding Non-controlling interest) increased by 36% to Rs 2,444 crore in Q2FY24, compared to Rs 1,792 crore in the previous quarter. Sandeep Kumar Gupta, Chairman & Managing Director, GAIL said, "During the quarter, the company has performed well, especially in the Gas Transmission segment, which will continue to perform better. He mentioned that the performance during the quarter was constrained due to lower realization in Polymers and LPG, but they are expected to improve going forward. He further stated that the company has incurred a Capex of around Rs 4,853 crore during the current half-year, mainly on Pipelines, Petrochemicals, Equity to JVs, etc."