GAIL (India) Limited hits new highs: Unprecedented revenue and profit revealed
GAIL (India) Limited has announced a remarkable performance for the first quarter of fiscal year 2025, with a significant increase in both revenue and profit metrics. The company’s Revenue from Operations surged to ₹33,692 crore in Q1 FY-25, surpassing the ₹32,227 crore recorded in Q1 FY-24. The Profit Before Tax (PBT) for the quarter jumped to ₹3,642 crore, a substantial increase from ₹1,889 crore in the same period last year. The Profit After Tax (PAT) also saw a notable rise, reaching ₹2,724 crore, compared to ₹1,412 crore in Q1 FY-24.
Strong Quarter-On-Quarter Growth
Comparing the latest quarter with the previous one, GAIL‘s performance remained robust. Revenue from Operations grew from ₹32,335 crore in Q4 FY-24 to ₹33,692 crore in Q1 FY-25. The PBT witnessed a remarkable growth of 28%, reaching ₹3,642 crore in Q1 FY-25, up from ₹2,842 crore in Q4 FY-24. Similarly, PAT increased by 25% to ₹2,724 crore from ₹2,177 crore in the previous quarter. This growth can be attributed to a rise in gas transmission volumes, higher domestic natural gas marketing volumes, and improved marketing margins.
Consolidated Financial Performance
On a consolidated basis, GAIL’s Revenue from Operations stood at ₹34,822 crore in Q1 FY-25, compared to ₹32,833 crore in Q4 FY-24. The PBT for the consolidated results was ₹4,114 crore, up from ₹3,099 crore in the previous quarter. PAT, excluding non-controlling interests, reached ₹3,183 crore in Q1 FY-25, showing an increase from ₹2,469 crore in Q4 FY-24.
Capital Expenditure and Sustainability Goals
Sandeep Kumar Gupta, Chairman and Managing Director of GAIL, highlighted the company’s strategic investments and sustainability efforts. During the quarter, GAIL incurred a capital expenditure of approximately ₹1,659 crore, focusing on pipelines, petrochemicals, and equity contributions to joint ventures. This expenditure represents about 21% of the company’s annual target of ₹8,044 crore. Gupta also announced an accelerated target for achieving net zero carbon emissions, advancing the goal for scope-1 and scope-2 emissions from 2040 to 2035.
GAIL’s strong financial results and strategic investments underscore its commitment to growth and sustainability, positioning the company for continued success in the energy sector.
Discover more from Business-News-Today.com
Subscribe to get the latest posts sent to your email.