GAIL reports highest-ever revenue at Rs1,11,443 crore for 9MFY23; stock jumps ~3%

31 Jan 2023 , 12:15 PM

GAIL (India) Limited reported revenue from operations of Rs1,11,443 crore for the nine months ended December 31, 2022, up 72% yoy from Rs64,678 crore in the same period of Fiscal Year 2021-22. 

Company’s Profit before Tax (PBT) stood at Rs5,993 crore for the nine months ended December 31, 2022, compared to Rs10,044 crore in the same period the previous year, while Profit after Tax (PAT) was Rs4,698 crore, compared to Rs7,681 crore in the same period the previous fiscal, registering a decline of 38.84% yoy.

Revenue from Operations was reported to be Rs35,380 crore in Q3FY23, compared to Rs38,491 crore in Q2FY23. In Q3FY23, PBT was Rs223 crore and PAT was Rs246 crore, compared to Rs1,876 crore and Rs1,537 crore in the previous quarter.

Consolidated revenue from operations was Rs35,940 crore in Q3FY23, compared to Rs38,729 crore in Q2FY23. PBT in Q3FY23 was Rs662 crore, compared to Rs 1,675 crore in Q2FY23. PAT in Q3FY23 was Rs414 crore, compared to Rs1,315 crore in Q2FY23 (excluding non-controlling interest).

The company raised Rs1,575 crore by issuing redeemable non-convertible debentures at a highly competitive rate and incurred Capex of approximately Rs6,278 crore during the nine months, primarily on pipelines, petrochemicals, operational capex, and so on, accounting for 79% of the annual target.

At around 11.30 AM, GAIL India was trading 2.63% higher at Rs97.45, against the previous close of Rs94.95 on NSE. The counter touched an intraday high and low of Rs97.80 and Rs94 respectively.

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