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GAIL Shares Surge Over 6% on Strong Q2 Profit Boost Driven by Gas Transmission & Petrochemical Recovery

GAIL (India) Ltd's shares jumped 6% following a 10% rise in Q2 profit, spurred by improved gas transmission and petrochemical earnings.
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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.


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