Table of Content
GAIL Q3 Quarterly Financial Performance:
Revenue from Operations:
- GAIL (India) Ltd reported a Revenue from Operations of Rs 98,304 crores for the first three quarters of FY24, compared to Rs 1,11,443 crores in the same period of FY22-23.
- On a quarterly basis, Revenue from Operations was Rs 34,254 crores in Q3 FY24, up by 8% from Rs 31,823 crores in Q2 FY24.
Additional Read: Q3 Results Dashboard
Profitability:
Profit before Tax (PBT):
- For up to Q3 FY24, PBT stood at Rs 8,713 crores, marking a 45% increase from Rs 5,993 crores in the corresponding period of the previous year.
- Quarterly, PBT increased by 18% to Rs 3,694 crores in Q3 FY24 compared to Rs 3,130 crores in the previous quarter.
Profit after Tax (PAT):
- PAT jumped by 42% to Rs 6,660 crores in the first three quarters of FY24, compared to Rs 4,698 crores in the same period of the previous year.
- On a quarterly basis, PAT increased by 18% to Rs 2,843 crore in Q3 FY24 from Rs 2,405 crore in the previous quarter.
Business Operations:
Physical Performance:
- Across all major business verticals, physical performance improved during the quarter.
- The Petrochemical Segment turned profitable due to plant efficiency, better capacity utilisation, and optimization measures.
Capex:
- GAIL incurred a Capex of Rs. 6,583 crore from April’23 to December’23, primarily on Pipelines, Petrochemicals, Equity to JVs, etc.
Gas Transmission and Marketing:
- Average Natural Gas Transmission volume was 121.54 MMSCMD in Q3 FY24, slightly higher than 120.31 MMSCMD in Q2 FY24.
- Gas marketing volume increased to 98.14 MMSCMD in Q3 FY24 from 96.96 MMSCMD in the previous quarter.
Sales:
- LHC sales stood at 249 TMT in Q3 FY24, compared to 242 TMT in the previous quarter.
- Polymer sales surged by 28% to 215 TMT in Q3 FY24 from 168 TMT in the previous quarter.
Consolidated Performance:
Revenue from Operations:
- On a consolidated basis, Revenue from Operations was Rs 1,00,666 crore for up to Q3 FY24, compared to Rs 1,12,611 crore in the corresponding period of the previous year.
- Quarterly, consolidated Revenue from Operations increased by 5% to Rs 34,768 crore in Q3 FY24 from Rs 33,050 crore in Q2 FY24.
Profitability:
- Consolidated PBT for up to Q3 FY24 was Rs 9,496 crore, up by 45% from Rs 6,567 crore for up to Q3 FY23.
- PAT (excluding Non-controlling interest) surged by 49% to Rs 7,431 crore for up to Q3 FY24 from Rs 4,982 crore for up to Q3 FY23.
Dividend Declaration:
The company declared an interim dividend of 55% for FY 2023-24, amounting to Rs 5.50 per equity share.
Additional Check: GAIL (India) Share Price
About GAIL India Limited
GAIL India Limited is a central public sector undertaking under the Ministry of Petroleum and Natural Gas. It is India’s principal gas transmission and marketing company, with business segments such as natural gas, liquefied petroleum gas, liquefied natural gas, petrochemicals, city gas distribution, renewable energy, exploration and production, and electricity generation. GAIL was established in 1984 and has a network of around 13,722 km of natural gas pipeline. GAIL also has a presence in CNG and city gas distribution operations, and has undertaken several projects in India and abroad. GAIL was given the Maharatna status by the Indian Government in 2013, a recognition for its outstanding performance and contribution to the nation’s development.
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Sources: https://www.bseindia.com/xml-data/corpfiling/AttachLive/87d72044-412d-44d5-a05a-a1787e3176f2.pdf
