GAIL Q3FY25 results: Net profit rises 36% to Rs 3,867.38 crore
The company has posted a standalone net profit of Rs 3,867.38 crore in the October-December period of FY25 compared with Rs 2,842.62 crore in the year-ago period, the company said in a stock exchange filing.
Gail Q3FY25 results: Net profit rises 36% to Rs 3,867.38 crore
Gas Utility-based Gail (India) Ltd announced the third-quarter results of the FY25, reporting a 36% rise in net profit in the December quarter after a huge gain from compensation received from an overseas LNG supplier for non-delivery of committed cargoes.
The company has posted a standalone net profit of Rs 3,867.38 crore in the October-December period of FY25 compared with Rs 2,842.62 crore in the year-ago period, the company said in a stock exchange filing.
Revenue from operations stood at Rs 34,957.76 crore with all three major business segments -- natural gas and LPG transportation services, natural gas marketing and petrochemicals -- reporting nearly the same revenues as the previous year.
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During the October-December quarter, Gail's earnings before tax from the gas transportation business rose to Rs 1,370.29 crore from Rs 1,402.81 crore a year back. Natural gas marketing saw a 53% jump to Rs 2,880.98 crore.
Petrochemical margins, however, shrank to Rs 4.68 crore from Rs 61.94 crore in the October-December period 2023 and Rs 157.49 crore in the preceding quarter of July-September 2024.
For the first nine months of the current fiscal year, net profit rose by 39% to Rs 9,263.29 crore. The board of directors of the company in their meeting on Thursday declared an interim dividend of Rs 6.50 per equity share, amounting to Rs 4,273.81 crore.
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