GAIL (India) Limited, a Maharatna gas utility, reported a 36% rise in standalone net profit for Q3 FY25, driven by a one-time compensation from an overseas LNG supplier. Net profit stood at Rs 3,867.38 crore, up from Rs 2,842.62 crore in the same period last year, while revenue remained stable at Rs 34,957.76 crore.
The company recorded an exceptional income of Rs 2,440.03 crore (USD 285 million) after settling a dispute with SEFE Marketing & Trading Singapore Pte Ltd, a former unit of Gazprom. The dispute stemmed from the non-delivery of LNG cargoes under a 20-year contract signed in 2012. SEFE halted supplies in June 2022 but resumed in March 2023, leading GAIL to seek USD 1.817 billion in compensation.
Operational Performance & Dividend:
- Gas transportation earnings: Rs 1,370.29 crore, slightly down from Rs 1,402.81 crore.
- Natural gas marketing profits: Rs 2,880.98 crore, up 53% year-on-year.
- Petrochemical margins: Rs 4.68 crore, down from Rs 61.94 crore in Q3 FY24.
GAIL’s Board declared an interim dividend of Rs 6.50 per share, amounting to Rs 4,273.81 crore. Natural gas transmission volume stood at 125.93 mmscmd, while gas marketing volume rose to 103.46 mmscmd.
GAIL CMD Mr. Sandeep Kumar Gupta highlighted that the USD 285 million settlement strengthened the company’s financials, ensuring stability and value for stakeholders.