Categories AlphaGraphs, Earnings, Energy, LATEST

Infographic: Gail shares take a jump after Q1 revenue soars by a whopping 116% while Net Profit jumps by 52%

On Thursday, GAIL reported a 90.5% jump in its June quarter net profit at ₹2,915 crore. The rise in year-on-year profit was on the back of bumper earnings from natural gas marketing. The company had posted a net profit of ₹1.530 crore for the year-ago period.

Sequentially, the profit was lower than ₹1,529.92 crore net earnings in the March quarter. The company’s revenue from operations rose 116% year-on-year to ₹37,572 crore in the quarter under review as against ₹17,387 crore for the same quarter last fiscal.

The margin on gas marketing made up for a 12.5% decline in earnings from the gas transportation business and a 74% drop in petrochemicals earnings. Turnover more than doubled to ₹38,033.30 crore in April-June quarter, from ₹17,702.43 crore a year back, the statement showed.

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