GAIL reports strong H1 FY'25 financial performance with record highs in EBITDA, PBT, and net profit

New Delhi: GAIL (India) Limited has announced its financial results for the first half of the fiscal year 2024-25, posting robust growth in revenue and profit, with record highs in key financial metrics. GAIL's revenue from operations for April to September 2024 stood at Rs 66,622 crore, marking an increase from Rs 64,050 crore in the same period of the previous financial year.

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The company’s Profit Before Tax (PBT) in H1 FY25 reached Rs 7,095 crore, a substantial rise from Rs 5,019 crore recorded in H1 FY'24. Similarly, profit after tax (PAT) for H1 FY'25 grew to Rs 5,396 crore, up from Rs 3,817 crore in the corresponding period last year. This reflects GAIL's highest-ever half-yearly performance in EBITDA, PBT and PAT.

On a quarterly basis, however, there was a slight dip. Revenue from Operations in Q2 FY'25 came in at Rs 32,931 crore, compared to Rs 33,692 crore in Q1 FY'25. PBT stood at Rs 3,453 crore in Q2 FY'25, down from Rs 3,642 crore in Q1, while PAT decreased marginally to Rs 2,672 crore in Q2 FY'25 from Rs 2,724 crore in the preceding quarter.

Operational highlights show that GAIL’s natural gas transmission volume reached 130.63 MMSCMD in Q2 FY'25, with gas marketing volumes at 96.60 MMSCMD. Sales of Liquid Hydrocarbons (LHC) and Polymer reached 253 TMT and 226 TMT, respectively, in Q2 FY'25, up from 218 TMT and 169 TMT in Q1 FY'25.

Notably, the company’s petrochemical segment returned to profitability, reporting a PBT of Rs 157 crore in Q2 FY'25, a sharp turnaround from a loss of Rs 42 crore in Q1 FY'25. GAIL's Chairman and Managing Director (CMD) Sandeep Kumar Gupta expressed optimism about this segment, expecting it to remain profitable through the rest of the fiscal year.

On a consolidated basis, Revenue from Operations reached Rs 68,803 crore in H1 FY'25, compared to Rs 65,898 crore in H1 FY'24. Consolidated PBT stood at Rs 7,583 crore, rising from Rs 5,421 crore year-on-year, while PAT (excluding non-controlling interests) increased to Rs 5,876 crore from Rs 4,236 crore in the same period last year.

GAIL also reported a capital expenditure (Capex) of Rs 1,885 crore in Q2 FY'25, focusing on pipeline development and petrochemical projects, bringing the cumulative Capex for H1 FY'25 to Rs 3,544 crore. This investment is aligned with the company’s strategy to enhance its infrastructure and support growth across segments.

These results underscore GAIL’s resilience and strategic focus in navigating market conditions while delivering consistent value to shareholders.

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