Maharatna PSU Gas Authority of India Limited (GAIL) Limited has delivered strong financial results for H1 FY 2024-25, achieving record highs in key financial metrics. Revenue from operations for April to September 2024 totalled Rs. 66,622 crore, up from Rs. 64,050 crore in the same period of FY 2023-24. Profit Before Tax (PBT) reached Rs. 7,095 crore, a significant increase from Rs. 5,019 crore in H1 FY 2023-24, while Profit After Tax (PAT) grew to Rs. 5,396 crore, up from Rs. 3,817 crore.
GAIL’s Chairman and Managing Director (CMD), Mr. Sandeep Kumar Gupta, expressed optimism about the segment’s continued profitability for the remainder of the fiscal year.
Despite strong overall performance, there was a slight dip in Q2 FY 2024-25. Revenue from operations decreased to Rs. 32,931 crore, from Rs. 33,692 crore in Q1. Q2 PBT fell to Rs. 3,453 crore, down from Rs. 3,642 crore, and PAT declined marginally to Rs. 2,672 crore from Rs 2,724 crore.
Operationally, GAIL reported strong volumes in gas transmission and marketing, with natural gas transmission reaching 130.63 MMSCMD and marketing volumes at 96.60 MMSCMD in Q2. Sales of Liquid Hydrocarbons (LHC) and Polymer also grew, reaching 253 TMT and 226 TMT, respectively.
The petrochemical segment returned to profitability, reporting a PBT of Rs 157 crore in Q2, reversing a loss in the previous quarter. On a consolidated basis, GAIL reported a revenue of Rs 68,803 crore and a consolidated PBT of Rs. 7,583 crore for H1 FY 2024-25.
GAIL invested Rs. 1,885 crore in capital expenditure in Q2, focusing on pipeline and petrochemical projects, with total Capex for H1 FY 2024-25 reaching Rs. 3,544 crore.
GAIL is India’s leading natural gas processing and distribution company, playing a pivotal role in the country’s energy infrastructure. It is involved in natural gas transmission, marketing, petrochemicals, and renewable energy, contributing significantly to India’s economic growth.
