Shares of GAIL (India) Ltd experienced a notable surge of over 6% on Wednesday after the state-owned firm reported a strong 10% increase in net profit for the September quarter. This boost was primarily driven by improved earnings from its gas transmission segment and a remarkable turnaround in its petrochemical business, which offset a dip in marketing margins.
The stock reached Rs 208.90 per share on the BSE, marking a 6.36% rise, and peaked at Rs 209.95 during intraday trading. On the NSE, it closed 6.41% higher at Rs 209 per share.
In its quarterly report filed on Tuesday, GAIL posted a consolidated net profit of Rs 2,689.67 crore for the July-September period of FY25, up from Rs 2,442.18 crore in the same quarter last year. Revenue from operations remained steady at Rs 33,981.33 crore. Pre-tax earnings in gas transmission rose by 8% to Rs 1,402.81 crore, while the petrochemical segment achieved an earning of Rs 146.19 crore, a significant improvement from a loss of Rs 160.94 crore a year ago.
