State-owned GAIL India on Thursday reported a rise of 27.9% in its consolidated net profit for the third quarter of the financial year 2024-25 at Rs 4,084.2 crore from Rs 3,193.34 crore recorded in the same period of FY24.
On a sequential basis, too, the net profit rose by 51.8% from Rs 2,689.67 crore. The revenue from operations increased by 6.2% at Rs 36,937.05 crore from the third quarter of FY24.
The company posted total income at Rs 37,315.11 crore, up from Rs 35,181.78 crore in Q3FY24.
During the first nine months of the fiscal year, the company’s revenue from operations stood at Rs 1,05,740 crore as against Rs 1,00,666 crore in corresponding period of previous year.
Net profit also increased by 34% to Rs 9,958 crore for nine months ended December 31, 2024 as against Rs 7,431 crore for corresponding period of previous year.
During the quarter, the company’s average natural gas transmission volume stood at 125.93 mmscmd as against 130.63 mmscmd in Q2FY25.
Gas marketing volume stood at 103.46 mmscmd as against 96.60 mmscmd in the previous quarter.
“In Q3FY25, GAIL has accounted for an exceptional income of $285 million (Rs 2,440 crore) from SEFE Marketing & Trading Singapore as settlement towards withdrawal of arbitration proceedings,” Sandeep Kumar Gupta, Chairman & Managing Director, GAIL said.
The company has declared an interim dividend of Rs 6.50 per share for the financial year FY 2024-25.
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