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27 Years
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Non-Electrical Utilities company GAIL (India) announced Q4FY24 & FY24 results:
Q4FY24 Financial Highlights:
- Revenue from Operations: Rs 32,335 crore (down from Rs 34,254 crore in Q3FY24)
- Profit before Tax (PBT): Rs 2,842 crore (down from Rs 3,694 crore in Q3FY24)
- Profit after Tax (PAT): Rs 2,177 crore (down from Rs 2,843 crore in Q3FY24)
- Natural Gas transmission volume: 123.65 MMSCMD (up from 121.54 MMSCMD in Q3FY24)
- Gas marketing volume: 99.90 MMSCMD (up from 98.14 MMSCMD in Q3FY24)
- LHC sales: 261 TMT (up from 249 TMT in Q3FY24)
- Polymer sales: 242 TMT (up from 215 TMT in Q3FY24)
FY24 Financial Highlights:
- Profit before Tax (PBT): Rs 11,555 crore (up 75% from Rs 6,584 crore in FY23)
- Profit after Tax (PAT): Rs 8,836 crore (up 67% from Rs 5,302 crore in FY23)
- Revenue from Operations: Rs 1,30,638 crore (down from Rs 1,44,302 crore in FY23)
- Natural Gas transmission volume: 120.46 MMSCMD (up 12% from 107.28 MMSCMD in FY23)
- Gas marketing volume: 98.45 MMSCMD (up from 94.91 MMSCMD in FY23)
- LHC sales: 998 TMT (up 7% from 929 TMT in FY23)
- Polymer sales: 787 TMT (up 97% from 399 TMT in FY23)
- Consolidated Revenue from Operations: Rs 1,33,500 crore (down from Rs 1,45,875 crore in FY23)
- Consolidated Profit before Tax (PBT): Rs 12,595 crore (up 74% from Rs 7,256 crore in FY23)
- Consolidated Profit after Tax (PAT) (excluding Non-controlling interest): Rs 9,899 crore (up 76% from Rs 5,616 crore in FY23)
Sandeep Kumar Gupta, Chairman & Managing Director, GAIL said that the robust performance during FY 2024 is primarily driven by better physical performance across all major segments, despite lower prices in Petrochemicals and Liquid Hydro-Carbons. He also stated that the Company has incurred a Capex of Rs 11,426 crore during the FY24.
He further stated that GAIL’s Board approved laying of C2/C3 liquid pipeline from Vijaipur to Auraiya having estimated Project Cost of Rs 1,792 Crores with commissioning period of 32 months. The project will augment feedstock availability with additional polymer production at Pata Petrochemical Complex, reduce energy consumption and carbon footprint.
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