GAIL India’s shares rose almost 7% to an intra-day high of Rs 209.99 after the company reported a 10% increase in Q2 net profit.
The company reported a net profit of Rs 2693.55 crore in Q2, up 10.21% on year, compared to Rs 2444.05 crore during the previous quarter of the last fiscal. GAIL India’s sales rose 2.74% to Rs 33,888.90 crore in the Q2 FY25 against Rs 32,985.69 crore during the same period a year ago.
GAIL India’s Q1 performance
The integrated natural gas company’s net profit in Q1 FY25 rose to Rs 3,183 crore, up 28.6% against Rs 2,474.31 crore in Q1 FY24. Its revenue from operations reached to Rs 34,821.89 crore in Q1 FY25, an increase of 6% on year compared to Rs 32,848.78 crore in the same period last year.
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GAIL Vs Nifty 50
The stock of GAIL India has risen 3% in the last five trading sessions. It has fallen 7.2% in the past one month. However, the stock gave a return of 5% in the last six months. The gas company gave a return of 25% from year to date. The stock has risen a bit over 68% in the last one year.
To compare, the benchmark index, Nifty 50 has given a return of 0.5% in the last five days. However, the index has shed 1.6% of gains in the past one month, but has risen 8.7% in the last six months. Nifty 50 has raised investors’ wealth by more than 12% from year to date and 25.6% in the last one year.
Apart from that, the integrated natural gas company recently signed a memorandum of understanding (MoU) with VERBIO India to jointly explore the establishment of agricultural residue-based compressed biogas (CBG) plants in India.
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