GAIL reports annual revenue of Rs.1,30,638 crore

FY 24 PBT up by 75%, PAT rises 67%


Geetanjali Minhas | May 16, 2024 | Mumbai

#PSU   #GAIL   #Energy  
(Image courtesy:
(Image courtesy:

GAIL (INDIA) Limited has reported 75% increase in Profit before Tax (PBT) of Rs.11,555 crore in FY24,  as against Rs 6,584 Cr in FY23. Profit after Tax (PAT) in FY24 stands at Rs. 8,836 Cr as against Rs.5,302 Cr in FY23, a 67 % increase.

However, revenue from operations registered a fall with Rs. 1,30,638 Cr  recorded in FY24 as against Rs. 1,44,302 Cr in FY23.

Further, on a quarter-on-quarter basis, there is a fall in revenue from operations registered at Rs 32,335 Cr in Q4 of FY24 against Rs. 34,254 Cr in Q3 of FY24. PBT too dropped to Rs 2,842 Cr in Q4 of FY24 as against Rs 3,694 Cr during Q3 of FY24 and there is drop in PAT at  Rs 2,177 Cr in Q4 of FY24 as against Rs 2,843 crore in Q3 of  FY24.

Natural Gas Transmission volume has registered a 12% increase to 120.46 MMSCMD as against 107.28 MMSCMD in FY23. Gas marketing volume is reported at   98.45 MMSCMD in FY24 as against 94.91 MMSCMD in FY23. There is an increase of 7% in LHC sales to 998 TMT as against 929 TMT and Polymer sales also jumped up by 97% to 787 TMT as against 399 TMT in contrast to previous year.

Quarter wise, Natural Gas Transmission volume increased to 123.65 MMSCMD in Q4 of  FY24 as against 121.54 MMSCMD in Q3 of  FY24. Gas marketing volume is registered at 99.90 MMSCMD as against 98.14 MMSCMD in the previous quarter. LHC sales registered an increase of 5% to 261 TMT as against 249 TMT and Polymer sales jumped up by 13% to 242 TMT as against 215 TMT in contrast to previous quarter.

There is a fall in consolidated Revenue from Operations reported at Rs. 1,33,500 Cr in FY24 as against Rs. 1,45,875 Cr  during FY23.

PBT in FY24 increased by 74% to Rs 12,595 Cr as against Rs 7,256 Cr in FY23 and PAT (excluding non-controlling interest) has increased by 76% in FY24 to Rs 9,899 Cr as against Rs. 5,616 Cr in FY23.
On quarterly basis, Consolidated Revenue from Operations dropped to Rs.32,833 Cr in Q4 of FY24 as against Rs. 34,768 crore in Q3 of FY24. Similarly PBT in Q4 of FY24 also dropped to Rs 3,099 Cr as against Rs. 4,075 Cr in Q3 of FY of 24. PAT (excluding non-controlling interest) is reported at Rs 2,469 Cr in Q4 of FY24 as against Rs 3,195 Cr in Q3 FY of 24.

Speaking on the release of figures, Sandeep Kumar Gupta, chairman & managing director, GAIL, said that robust performance during FY 2024 is primarily driven by better physical performance across all major segments, despite lower prices in petrochemicals and liquid hydro-carbons. He also stated that the company has incurred a Capex of Rs 11,426 crore during the FY24.

Gupta also added that GAIL’s Board has approved the laying of C2/C3 liquid pipeline from Vijaipur to Auraiya with an estimated project cost of Rs. 1,792 Cr with commissioning period of 32 months. The project will augment feedstock availability with additional polymer production at Pata Petrochemical Complex, reduce energy consumption and carbon footprint.



Other News

Taming turbulence in Indian aviation

The booming Indian aviation industry, among the fastest growing sectors in the world, is projected to be valued at $40 billion by 2027. But, despite robust demand for air travel across the country, more than 50 airlines have closed down in the last decade in India and most private airlines have closed with

PM Modi leaves for G7 Summit in Italy

In his first foreign visit after taking oath of office for the third time, prime minister Narendra Modi Thursday evening left for Italy to participate in the G7 Outreach Summit. “At the invitation of Prime Minister Giorgia Meloni, I am travelling to Apulia region in Italy to participat

Some market talk, some gossip – learnings over tea at RBI

A Fly on the RBI Wall: An Insider’s View of the Central Bank By Alpana Killawala Rupa Publications, 248 pages, Rs 595  

Coalition politics not expected to impact India’s foreign policy

Prime minister Narendra Modi has strived incessantly to bring laurels and much needed recognition for the nation since May 2014 when he was sworn in as the head of state. The poser which can be deliberated upon is this: What will be the consequential impact of the new era of coalition politics which confro

New govt`s first decision pushes for farmer welfare

The BJP-led NDA government has started its term with its first decision relating to farmer welfare. Narendra Modi took charge of office as prime minister of India for the third time on Monday, a day after he and his colleagues were sworn in by the president of India. In his fi

Narendra Modi takes oath for third term

Narendra Modi made history Sunday evening as he was sworn in by president Droupadi Murmu for a third successive term. Modi thus becomes the first prime minister since Jawaharlal Nehru to have comptered two full terms and beginning a third consecutive term. In the swearing-in c

Visionary Talk: Amitabh Gupta, Pune Police Commissioner with Kailashnath Adhikari, MD, Governance Now


Current Issue


Facebook Twitter Google Plus Linkedin Subscribe Newsletter