GAIL (India) Q1 2024 Earnings: Stay tuned for the live earnings call and real-time transcript

GAIL (India), an integrated natural gas company, will report first-quarter 2024 earnings today at 4:00 p.m. IST. The company will most likely provide business updates for the first quarter.

Listen to GAIL (India) Q1 earnings call live and check real-time transcript

In the last quarter, GAIL (India) Limited reported Total Income for Q4 FY23 of ₹33,810.67 Crore up from ₹27,690.40 Crore year on year, a growth of 22.1%. The consolidated Net Profit of ₹642.74 Crore, down 81.5% from ₹3,473.77 Crore in the same quarter of the previous year. The Earnings per Share is ₹0.96 for this quarter.

GAIL is anticipated to report a standalone net profit of ₹1,460 crore for the first quarter of the current fiscal year, which translates to a 2.4 times increase on a sequential basis, according to research from Zee Business. Analysts predict GAIL, a company that processes and distributes natural gas, will report revenue of ₹31,330 crore for the three-month span. After three consecutive quarters of losses, they anticipate the company’s petrochemicals division to turn a profit, with sales expected to increase by 50% to 60% sequentially.