Q1 FY25: GAIL posts 77.5% jump in net profit at Rs 3,183.35 cr

New Delhi: GAIL (India) Limited reported a remarkable 77.5 percent year-on-year increase in net profit, amounting to Rs 3,183.35 crore for Q1 FY2024-25, compared to Rs 1,792.99 crore in the same quarter of the previous fiscal year. On a quarter-on-quarter basis, the gas utility’s net profit surged by 28.7 percent. GAIL’s standalone net profit for Q1 FY25 stood at Rs 2,723.98 crore, marking a 93 percent increase compared to Rs 1,412 crore in the corresponding quarter of the previous fiscal year.

GAIL’s consolidated revenue from operations for Q1 FY2024-25 was Rs 34,821.89 crore, a 6 percent rise from Rs 32,848.78 crore recorded in the year-ago period, and a 6.05 percent increase quarter-on-quarter. The PSU reported a total income of Rs 35,042.44 crore for the June quarter of the current fiscal. GAIL’s Profit before Tax (PBT) for the first quarter of the current financial year was Rs 4,113.82 crore.

Boosted by strong profits, GAIL’s earnings per share rose from 2.73 percent in the June quarter a year ago to 4.84 percent in the June quarter of FY25.

Sector Performance

GAIL’s natural gas marketing business was the most profitable, generating Rs 2,036.13 crore in profits. The natural gas transmission segment earned Rs 1,446.87 crore, a 41 percent increase from Rs 1,028.33 crore in the year-ago period. LPG profits for the quarter were Rs 80.75 crore. The petrochemicals business, however, incurred a loss of Rs 49.31 crore, an improvement from the loss of Rs 301.75 crore in the June quarter of the previous fiscal and a decrease from the profit of Rs 533.41 crore in Q4 FY2023-24. GAIL’s city gas distribution business posted profits of Rs 188.45 crore.