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GAIL Q1 FY24 Results

GAIL Q1FY24 PAT at Rs 1,412 crore

Thesynergyonline Corporate Bureau

NEW DELHI, JULY 31 : GAIL (India) reported Revenue from Operations of Rs. 32,227 crore in Q1 FY24 as against Rs. 37,572 crore in Q1 FY23. Profit before Tax (PBT) in Q1 FY24 stood at Rs. 1,889 crore as against Rs. 3,894 crore in Q1 FY23. Profit after Tax (PAT) in Q1 FY24 stood at Rs. 1,412 crore as against Rs. 2,915 crore in Q1 FY23.
-- SparkNotes

  1. Quarter on Quarter basis, Revenue from Operations was reported at Rs. 32,227 crore in Q1 FY24
  2. as against Rs. 32,858 crore in Q4 FY23.
  3. PBT registered a robust growth of 220 per cent to Rs. 1,889 crore in Q1 FY24
    4. as against Rs. 591 crore in Q4 FY23
  4. PAT increased by 134 per cent to Rs. 1,412 crore in Q1 FY24 as against Rs. 604 crore in Q4 FY23 mainly on account of increased Gas Marketing and Transmission volumes and increased Transmission tariff realisation.
    5. GAIL Q1 FY24 Results

    Company has incurred a Capex of about Rs.2,391 crore during the current quarter, mainly on Pipelines, Petrochemicals, Equity to JVs, etc. which is about 31 per cent of annual target of Rs. 7,750 crore.

    Sandeep Kumar Gupta, GAIL CMD
  5. During the quarter, Natural gas transmission volume registered a growth of 7 per cent to 116.33 MMSCMD in Q1 FY24 as against 108.23 MMSCMD in Q4 FY23.
  6. He informed that GAIL has been authorized to build Gurdaspur- Jammu Natural Gas pipeline having length of 160 km with Capex of Rs. 522 crore.
  7. He further stated that during the quarter, the company has acquired 100% stake in erstwhile JBF Petrochemicals Limited, now GAIL Mangalore Petrochemicals Limited, by infusing Rs. 2,101 crores through Corporate Insolvency Resolution Process (CIRP).
  8. During the quarter, Natural gas transmission volume registered a growth of 7 per cent to 116.33 MMSCMD in Q1 FY24 as against 108.23 MMSCMD in Q4 FY23.
  9. Gas marketing volume increased by 2 per cent to 98.84 MMSCMD as against 96.46 MMSCMD in previous quarter.
  10. LHC sales increased by 7 per cent to 247 TMT as against 230 TMT & Polymer sales also increased by 37 per cent to 162 TMT as against 118 TMT in comparison to previous quarter.
  11. On Consolidated basis, Revenue from Operations stood at Rs. 32,849 crore in Q1 FY24 as against Rs. 33,264 crore in Q4 FY23. PBT in Q1 FY24 stood at Rs. 2,283 crore as against Rs. 689 crore in Q4 FY23.
  12. PAT (excluding Non-controlling interest) was Rs. 1,792 crore in Q1 FY24 as against Rs. 634 crore in Q4 FY23.