GAIL India reports highest-ever quarterly revenue at Rs26,176cr

4 Feb 2022 , 09:20 AM

GAIL India Ltd. has reported exemplary performance in the third quarter of the financial year 2021-22 on the back of improved gas marketing spread, attractive product prices, and improved operating efficiency in petrochemicals and liquid hydrocarbons.

Company’s revenue from operations for December 2021 quarter stood at Rs 25,776 crore as against Rs 21,515 crore for September 2021 quarter, up by 20% QoQ. Revenue for the 9M period ended December 2021 stood at Rs 64,678 crore against Rs 41,189 crore for the previous 9M period, increasing 57% YoY. Its consolidated revenue from operations stood 20% higher than the previous quarter at Rs 26,176 crore for Q3 FY’22 as against Rs 21,782 crore Q2 FY’22.

Its PAT for the quarter ended December 2021 stood at Rs 3,288 crore against Rs 2,863 crore for the quarter ended September 2021, reflecting a growth of 15% QoQ. Due to gas marketing spread, better product prices, better physical performance in Gas Marketing and Transmission segment, PAT for the 9M period ending December 2021 increased substantially at Rs 7,681 crore against Rs 2,983 crore for the previous 9M period, increasing 158% YoY.

GAIL’s consolidated PAT stood at Rs 3,781 crore in Q3 FY’22, against Rs 2,883 crore in Q2 FY’22, up by 31% QoQ.

Consolidated revenue for the 9M period ended December 2021 stood at Rs 64,456 crore, reflecting a growth of 57% YoY. While consolidated PBT and PAT stood at Rs 11,088 crore and Rs 8,802 crore, registering growth of 146% and 141% respectively, on-year.

GAIL India opened higher at Rs 149.75 against its previous closing price of Rs 147.40, and is currently trading at Rs 148.10, higher by 0.47% or 70 paise. It has touched high of Rs 150.10 so far since opening.