GAIL Q1 Results: Cons PAT soars 78% YoY to Rs 3,183 crore; revenue rises 6%
GAIL Q1 Results: The company's profit after tax grew 29% sequentially from the previous quarter, reaching Rs 2,469 crore. Revenue also saw a 6% increase compared to the last quarter of the previous fiscal year. EBITDA jumped 80% year-over-year to ...
By Akash Podishetti, ETMarkets.com |
Agencies
State-owned GAIL on Tuesday reported a consolidated net profit of Rs 3,183 crore for the quarter ended June 2024, a jump of 78% from Rs 1,793 crore reported in the last-year period.
Revenue from operations in the reporting period rose 6% year-on-year (YoY) to Rs 34,822 crore. It was Rs 32,849 crore in the same period last year.
On a sequential basis, profit after tax was up 29% from Rs 2,469 crore reported in the preceding March quarter. Meanwhile, revenue from operations also rose 6% compared with the fourth quarter of last fiscal year.
The company reported an EBITDA of Rs 4,790 crore in the reported quarter — an increase of 80% from Rs 2,660 crore posted in the last-year quarter. Meanwhile, EBITDA margins improved significantly to 13.8%.
Total expenses during the quarter increased marginally to Rs 31,393 crore compared to Rs 31,095 crore in the June quarter last year.
Segment-wise, revenue from natural gas rose to Rs 2,864 crore in the first quarter against Rs 2,529 crore in the last-year quarter. LPG segment revenues stood at Rs 180 crore in the same period.
Natural Gas marketing revenues rose to Rs 33,119 crore in the June-April 2024 period. The same stood at 31,954 crore in the corresponding period of last year.
On Tuesday, GAIL shares were trading 0.7% higher at Rs 233.49 on the NSE.
Revenue from operations in the reporting period rose 6% year-on-year (YoY) to Rs 34,822 crore. It was Rs 32,849 crore in the same period last year.
On a sequential basis, profit after tax was up 29% from Rs 2,469 crore reported in the preceding March quarter. Meanwhile, revenue from operations also rose 6% compared with the fourth quarter of last fiscal year.
The company reported an EBITDA of Rs 4,790 crore in the reported quarter — an increase of 80% from Rs 2,660 crore posted in the last-year quarter. Meanwhile, EBITDA margins improved significantly to 13.8%.
Total expenses during the quarter increased marginally to Rs 31,393 crore compared to Rs 31,095 crore in the June quarter last year.
Segment-wise, revenue from natural gas rose to Rs 2,864 crore in the first quarter against Rs 2,529 crore in the last-year quarter. LPG segment revenues stood at Rs 180 crore in the same period.
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Natural Gas marketing revenues rose to Rs 33,119 crore in the June-April 2024 period. The same stood at 31,954 crore in the corresponding period of last year.
On Tuesday, GAIL shares were trading 0.7% higher at Rs 233.49 on the NSE.
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