GAIL India Q1 2024-25 results: Net profit skyrockets 77.54%, revenue up 6%

GAIL India recorded a 77.54% rise in its net profit for the first quarter of the financial year 2024-25


GAIL (India) Ltd has announced its first quarter results for the financial year 2024-25 on Tuesday, July 30, 2024.

GAIL India recorded a 77.54% rise in its net profit for the first quarter of the financial year 2024-25

How much was GAIL’s revenue and net profit?

The gas giant recorded a consolidated net profit of 3,183.35 crore, a gain of 77.54% or 1,390.36 compared to the same quarter of the previous year, which was at 1,792.99 crore.

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GAIL’s revenue grew to 34,821.89 crore, compared to 32,848.78 crore in Q1 2023-24. This was an increase of 6% or 1,973.11 crore.

The company’s total income increased by 6.18% or 2,041.65 crore to 35,042.44 crore, compared to 33,000.79 crore during the same quarter of the previous year.

How much were GAIL’s expenses?

GAIL India’s total expenses increased marginally by 0.95% or 297.57 crore to 31,392.82 crore, compared to 31,095.25 crore in Q1 2023-24.

Cost of materials consumed fell by 25.66% or 493.62 crore to 1,429.98 crore compared to 1,923.60 crore in the same quarter of the previous year.

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Depreciation and amortization expenses fell by 59.66% or 430.54 crore to 1,152.19 crore, from 721.65 prior.

Inventory addition fell by 39.59% or 266.71 crore to 406.93 crore from 673.64 crore during the first quarter of the previous year.

How did GAIL India’s shares perform?

GAIL India’s shares were up 0.75% or by 1.75 points, closing at 233.65 on the Bombay Stock Exchange (BSE) after the trading session on Tuesday, July 30, 2024.

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