GAIL Achieves 9% Profit Rise in Q2

6 Nov 2024 , 01:54 PM

GAIL (India) Ltd reported a 9.41% year-over-year increase in net profit for Q2 FY25, reaching ₹2,672 Crore, compared to ₹2,442.18 Crore in the same quarter last fiscal.

Revenue from operations grew by 3% year-over-year, totaling ₹32,912 Crore for the quarter ending September 30, 2024. Operating EBITDA rose by 7% to ₹3,744 Crore, reflecting improved operational performance; the EBITDA margin slightly increased to 11.37% from 10.97% year-over-year.

Quarter-over-quarter, revenue declined marginally from ₹33,692 Crore in Q1 FY25 to ₹32,931 Crore in Q2 FY25. Profit before tax (PBT) also saw a decrease from ₹3,642 Crore in Q1 FY25 to ₹3,453 Crore in Q2 FY25, while profit after tax (PAT) slightly declined from ₹2,724 Crore in Q1 FY25 to ₹2,672 Crore.

GAIL’s petrochemical segment posted a profit before tax of ₹157 Crore in Q2 FY25, recovering from a ₹42 Crore loss in Q1 FY25. The CMD, Sandeep Kumar Gupta, anticipates continued profitability for the segment throughout FY 2024-25.

In Q2 FY25, natural gas transmission volume reached 130.63 MMSCMD, and gas marketing volume stood at 96.60 MMSCMD. Liquid hydrocarbon and polymer sales volumes increased to 253 TMT and 226 TMT, respectively, from 218 TMT and 169 TMT in Q1 FY25.

GAIL allocated ₹1,885 Crore in capital expenditure during Q2 FY25, primarily for pipeline and petrochemical projects, bringing its total capex to ₹3,544 Crore for H1 FY25.