GAIL posts Q1 FY25 PAT up 25% at Rs. 2,724 Cr
Gas

GAIL posts Q1 FY25 PAT up 25% at Rs. 2,724 Cr

Revenue from Operations was higher at Rs. 33,692 crore in Q1 FY-25 as against Rs. 32,335 crore in Q4 FY-24

  • By ICN Bureau | July 30, 2024

GAIL (India) Limited reported Revenue from Operations of Rs. 33,692 crore in Q1 FY-25 as against Rs. 32,227 crore in Q1 FY-24. Profit before Tax (PBT) in Q1 FY-25 stood at Rs. 3,642 crore as against Rs. 1,889 crore in Q1 FY-24.

Profit after Tax (PAT) in Q1 FY-25 stood at Rs. 2,724 crore as against Rs. 1,412 crore in Q1 FY-24.

Quarter on Quarter basis, Revenue from Operations was higher at Rs. 33,692 crore in Q1 FY-25 as against Rs. 32,335 crore in Q4 FY-24. PBT registered a robust growth of 28% to Rs. 3,642 crore in Q1 FY-25 as against Rs. 2,842 crore during Q4 FY-24. PAT increased by 25% to Rs. 2,724 crore in Q1 FY-25 as against Rs. 2,177 crore in Q4 FY-24 mainly on account of increased Gas Transmission volumes, increased domestic Natural Gas Marketing volume and improved Natural Gas marketing margins.

On Consolidated basis, Revenue from Operations stood at Rs. 34,822 crore in Q1 FY-25 as against Rs. 32,833 crore during Q4 FY-24. PBT in Q1 FY-25 stood at Rs 4,114 crore as against Rs. 3,099 crore in Q4 FY-24. PAT (excluding Non-controlling interest) was Rs. 3,183 crore in Q1 FY-25 as against Rs. 2,469 crore in Q4 FY-24.

Sandeep Kumar Gupta, Chairman & Managing Director, GAIL said that, the Company has incurred a Capex of about Rs. 1,659 crore during the current quarter, mainly on Pipelines, Petrochemicals, Equity to JVs, etc. which is about 21% of annual target of Rs. 8,044 crore.

He further stated that GAIL has advanced its Net Zero carbon target for scope-1 and scope-2 emissions to 2035 from earlier 2040.

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