GAIL (India) Ltd on Tuesday released its fiscal second quarter earnings with profit growth of 10.1 per cent YoY at Rs 2689.67 crore. The company had recorded a profit of Rs 2442.18 crore during the corresponding quarter of FY24. It posted revenue from operations at Rs 33,981.33 crore, up 2.8 per cent as against Rs 33,049.68 crore during the same period of previous financial year.
On a standalone basis, GAIL reported Q2 profit at Rs 2,671.93 crore and revenue was at Rs 32,930.72 crore. The company EBITDA stood at Rs 3,745 crore, down 17.3 per cent QoQ vs Rs 4,529 crore.
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GAIL recorded its highest ever half-yearly EBITDA and profit during H1FY25. Profit after Tax (PAT) stood at Rs 5,396 crore in H1FY25 as compared to Rs 3,817 crore in corresponding period of previous year.
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The firm’s natural gas transmission volume stood at 130.63 MMSCMD in Q2 FY25 & Gas marketing volume was 96.60 MMSCMD during the same period. The LHC & Polymer sale stood at 253 TMT and 226 TMT respectively in Q2 as compared to 218 TMT & 169 TMT respectively in Q1FY25.
In Q2FY25, Petrochemical segment clocked PBT of Rs 157 crore as against loss of Rs 42 crore in Q1FY25. Sandeep Kumar Gupta, CMD, GAIL said that Petrochemical segment is expected to be reasonably profitable in FY25.
Meanwhile, the company said that it incurred a capex of Rs 1885 crore during the quarter, mainly on Pipelines, Petrochemicals, etc., taking cumulative capex upto H1FY25 to Rs 3,544 crore.
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