https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

GAIL Clocks A 77.5% Swell In Net Profits, In Q1 FY25

Indian Masterminds Stories

The Maharatna PSU Gas Authority of India Limited (GAIL) recently recorded a whopping 77.5% surge in its net profit year-on-year at Rs 3,183.35 crore in Q1 of FY2024-25. The state-owned Gas behemoth’s standalone net profit for Q1 FY25 is Rs 2,723.98 crore, which is 93% higher in comparison to Rs 1,412 crore recorded in the corresponding quarter of the previous fiscal. Owing to healthy profits, the PSU’s earnings per share went up from 2.73% in the June quarter a year ago to 4.84% in the June quarter of FY25.

GAIL earned a profit of Rs 1,446.87 crore on natural gas transmission in Q1 FY25, which was 41% higher than Rs 1,028.33 crore registered in the year-ago period. Profits on LPG for the quarter under review are Rs 80.75 crore. The natural gas marketing business was the most profitable as it yielded Rs 2,036.13 crore in profits to GAIL. The petrochemicals business, on the other hand, made a loss of Rs 49.31 crore. It is interesting to note that GAIL’s petrochemicals segment made a loss of Rs 301.75 crore in the June quarter of the previous fiscal and a profit of Rs 533.41 crore in Q4 of FY2023-24. The city gas distribution business of GAIL made profits of Rs 188.45 crore.


Indian Masterminds Stories
Related Stories
NEWS
IAS-Officer-Logo
IAS Siddharth Mahajan’s Tenure as Joint Secretary Extended in Department of Commerce
IRS Officers ndian revenue Services
IRS Vikas Singh Appointed Director in Ministry of Petroleum & Natural Gas
Inter cadre Transfer
Two IPS Officer Given Inter-cadre Transfer on the Grounds of Marriage; Check Names Here
Alka Tiwari IAS
Jharkhand: IAS Alka Tiwari Appointed New Chief Secretary Ahead of Elections
Bibek Debroy
Remembering Bibek Debroy: The Economist Who Bridged Ancient Wisdom and Modern Policy
Ministry_of_CorporateAffairs(Corporate)MCA
IRS Kiran Reddy T Appointed Director, Ministry of Corporate Affairs
bribery
Two IRS & Three CGST SIs Arrested By CBI In "Rs. 50 Lakh" Bribery Case
West bengal Government WB
West Bengal: IAS Ravi Kumar Meena Made SDO, Arambagh-Hooghly
Videos
Prakash Singn IPS
Mulayam Singh Introduced Casteism in Police Force
WhatsApp Image 2024-10-25 at 21.23
Why Only Soldiers? Can’t Politicians or Civilians Sacrifice Too?
IMG-20241022-WA0016
IAS Officer’s Mission to Combat Breast Cancer in Rural India | Video Interview
ADVERTISEMENT
Latest
Tejas Krishna Prasad
How COVID-19 Led an Olympic Marksman to Crack UPSC
IAS-Officer-Logo
IAS Siddharth Mahajan’s Tenure as Joint Secretary Extended in Department of Commerce
ADVERTISEMENT
Videos
Prakash Singn IPS
WhatsApp Image 2024-10-25 at 21.23
IMG-20241022-WA0016
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT