Press Release 2024
30-07-2024
GAIL clocks Revenue of Rs 33,692 crore, PAT of Rs 2,724 crore in Q1 FY-25
New Delhi, 30th July : GAIL (India) Limited reported Revenue from Operations of Rs 33,692 crore in Q1 FY-25 as against Rs 32,227 crore in Q1 FY-24. Profit before Tax (PBT) in Q1 FY-25 stood at Rs 3,642 crore as against Rs 1,889 crore in Q1 FY-24. Profit after Tax (PAT) in Q1 FY-25 stood at Rs 2,724 crore as against Rs 1,412 crore in Q1 FY-24.
Quarter on Quarter basis, Revenue from Operations was higher at Rs 33,692 crore in Q1 FY-25 as against Rs 32,335 crore in Q4 FY-24. PBT registered a robust growth of 28% to Rs 3,642 crore in Q1 FY-25 as against Rs 2,842 crore during Q4 FY-24. PAT increased by 25% to Rs 2,724 crore in Q1 FY-25 as against Rs 2,177 crore in Q4 FY-24 mainly on account of increased Gas Transmission volumes, increased domestic Natural Gas Marketing volume and improved Natural Gas marketing margins.
On Consolidated basis, Revenue from Operations stood at Rs 34,822 crore in Q1 FY-25 as against Rs 32,833 crore during Q4 FY-24. PBT in Q1 FY-25 stood at Rs 4,114 crore as against Rs 3,099 crore in Q4 FY-24. PAT (excluding Non-controlling interest) was Rs 3,183 crore in Q1 FY-25 as against Rs 2,469 crore in Q4 FY-24.
Shri Sandeep Kumar Gupta, Chairman & Managing Director, GAIL said that, the Company has incurred a Capex of about Rs 1,659 crore during the current quarter, mainly on Pipelines, Petrochemicals, Equity to JVs, etc. which is about 21% of annual target of Rs 8,044 crore.
He further stated that GAIL has advanced its Net Zero carbon target for scope-1 and scope-2 emissions to 2035 from earlier 2040.