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Informist, Tuesday, May 13, 2025

 

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--GAIL Jan-Mar net profit INR 20.49 bln 
--Analysts saw GAIL Jan-Mar net profit INR 19.52 bln 
--GAIL Jan-Mar net profit INR 20.49 bln vs INR 21.77 bln year ago 
--GAIL Jan-Mar revenue INR 357.07 bln vs INR 323.35 bln year ago 
--GAIL to pay INR 1 per share final dividend 
--GAIL FY25 net profit INR 113.12 bln vs INR 88.36 bln year ago 
--GAIL FY25 revenue INR 1.373 tln vs INR 1.306 tln year ago 
--GAIL Jan-Mar natural gas marketing revenue INR 316.03 bln vs INR 284.42 bln 
--GAIL Jan-Mar petrochemicals revenue INR 22.10 bln vs INR 22.56 bln yr ago 

 

By Arya S. Biju and Gopika Balasubramanium

 

MUMBAI – GAIL (India) Ltd.'s net profit for the March quarter declined on year for the first time in seven quarters, even as its sales grew at its fastest pace in eight quarters. A rise in expenses and a weaker performance in its petrochemicals and natural gas transmission services segments dragged down the company's net profit in the latest quarter. 

 

The state-owned enterprise's net profit for the quarter fell nearly 6% on year to INR 20.49 billion, but was higher than analysts' expectation of INR 19.52 billion. This was the lowest net profit reported by the company in seven quarters. Its revenue from operations, excluding excise duty, rose over 10% on year to INR 356.9 billion. Analysts had expected the company to report a revenue of INR 347.4 billion for the quarter. Including excise duty, the company's revenue for the quarter was INR 357.1 billion. 

 

Shares of GAIL, which were trading higher before the announcement of the March quarter earnings, fell over 1?ter the announcement. Shares of the company ended at INR 183.83, down 2.1% from the previous close.

 

For 2024-25 (Apr-Mar), GAIL's net profit rose 28% on year to INR 113.12 billion. Revenue during the year rose 5.1% to INR 1.373 trillion from INR 1.306 trillion.

The cost of materials consumed during the March quarter rose 0.6% on year to INR 19.02 billion. The purchase of stock-in-trade, which made up for 86% of the company's expenses, rose over 16% on year to INR 289.44 billion. The company's depreciation and amortisation expenses fell 22% on year to INR 9.03 billion. The total expenditure the company incurred during the March quarter was INR 335.73 billion, up 11% on year. 

Revenue from marketing natural gas, which accounted for more than 89% of GAIL's total revenues, rose over 11% on year and 3% on quarter to INR 316.03 billion. The revenue from natural gas transmission services fell nearly 3% on year to INR 26 billion, while that from liquefied petroleum gas transmission services rose 20% on year to INR 2.24 billion. Revenue from the LPG and liquid hydrocarbons segment was INR 11.52 billion, down 19% from a year ago. The petrochemicals segment reported a revenue of INR 22.10 billion for the March quarter, down 2% from INR 22.56 billion a year ago.

 

GAIL's other income for the March quarter fell more than 11% on year to INR 5.66 billion. The company has declared a final dividend of INR 1 per share.  End

Edited by Saji George Titus

 

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