(THE NEWSMAN OF INDIA.COM)
GAIL (India) Limited reported Revenue from Operations of Rs 98,304 crores for up to Q3 FY24 as compared to Rs 1,11,443 crores in the corresponding period of the financial year 2022-23. Profit before Tax (PBT) for up to Q3 FY24 stood at Rs 8,713 crores, up by 45% as compared to Rs 5,993 crores for the corresponding period in the previous year, mainly on account of higher gas trading margin, increase in transmission volume and increase in transmission tariff. Profit after Tax (PAT) up by 42% to Rs 6,660 crores as compared to Rs 4,698 crores in the corresponding period of the previous year.

Sandeep Kumar Gupta, CMD, GAIL said that physical performance has improved across all major business verticals and Petrochemical Segment has turned profitable owing to plant efficiency, better capacity utilization & other optimization measures adopted. He further stated that the company has incurred a Capex of Rs. 6,583 crore during the period from April’23 to December’23, mainly on Pipelines, Petrochemicals, Equity to JVs, etc.