GAIL (India) Ltd Q1FY24; 45% fall in Profits

Incorporated in 1984, GAIL, a Government of India undertaking, is an integrated natural gas company in India. It owns over 11,500 km of natural gas pipelines, over 2300 km of LPG pipelines, six LPG gas-processing units and a petrochemicals facility. It also has a joint-venture interest in Petronet LNG Ltd, Ratnagiri Gas and Power Pvt Ltd, and in the CGD business in several cities. GAIL has wholly owned subsidiaries in Singapore and the US for expanding its presence outside India in the segments of LNG, petrochemical trading and shale gas assets.

Financial Results:

• GAIL (India) Ltd reported Revenues for Q1FY24 of ₹32,789.00 Crores down from ₹37,897.00 Crore year on year, a fall of 13.48%.
• Total Expenses for Q1FY24 of ₹31,035.00 Crores down from ₹34,085.00 Crores year on year, a fall of 8.95%.
• Consolidated Net Profit of ₹1,793.00 Crores down 44.85% from ₹3,251.00 Crores in the same quarter of the previous year.
• The Earnings per Share is ₹2.73, down 44.85% from ₹4.95 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.
*The presented data is automatically generated. It may occasionally generate incorrect information.