GAIL earned a net profit of Rs 2,049 crore in the fourth quarter
New Delhi: Gas distribution sector giant GAIL on Tuesday reported a standalone net profit of Rs 2,049 crore for the fourth quarter of the financial year ended March 31, 2025, down 6 per cent from Rs 2,176.97 crore in the same quarter last year.
The company’s board of directors has declared a final dividend of Rs 1 per equity share for FY25. Meanwhile, the company’s operating revenue rose to Rs 35,707 crore in the January-March quarter from Rs 32,334.50 crore in the same quarter last year, while EBITDA also grew 13.3 per cent to Rs 3,216 crore.
India’s retail inflation falls to 3.16 per cent
Total income for the quarter rose to Rs 36,273.87 crore as against Rs 32,972.10 crore in the same quarter last year. Expenses rose to Rs 33,572.80 crore in Q4 FY25, mainly due to higher stock-in-trade purchases of Rs 28,943.92 crore.
Profit before tax (PBT) stood at Rs 2,701.07 crore. For FY25, GAIL reported a net profit of Rs 11,312.32 crore as against Rs 8,836.48 crore in FY24, while annual revenue rose to Rs 1,37,287.56 crore from Rs 1,30,638.11 crore.
Japanese Prime Minister hints at increasing corn imports from US
GAIL shares were priced at around Rs 184 on Tuesday. The company’s stock has gained around 2.7 per cent in the past month. GAIL had declared a consolidated net profit of Rs 4,084 crore for October-December of FY25, showing a growth of 28 per cent over the previous year.
The net profit of the state-owned gas distribution company was Rs 3,193 crore during the third quarter of last year. Revenue from operations saw a growth of 6.23 per cent in the quarter, rising to Rs 36,937 crore from Rs 34,768 crore in the previous year.
Real estate firm Arcade Developers’ fourth quarter profit falls 34%, sales fall 42%
According to the company’s Chairman and Managing Director Sandeep Kumar Gupta, “GAIL has announced exceptional income of $285 million (about Rs 2,440 crore) in the fourth quarter results. This income was received pursuant to an agreement to withdraw arbitration proceedings with SEFE Marketing and Trading Singapore Private Limited. “As a result of the settlement agreement entered into with one of the LNG suppliers on January 15, 2025, the company has recognised Rs 2,440.03 crore (US$ 285 million) as extraordinary income during the quarter and nine months ended December 31, 2024,” GAIL said in a statement.
