GAIL Q3 net profit rises 28% to Rs 4,084 crore, declares interim dividend of Rs 6.5/sh

At 2:30 pm, GAIL shares were trading 1.48 percent higher on BSE at Rs 167.70.

GAIL (India) on January 30 reported consolidated net profit of Rs 4,084 crore in the third quarter of financial year 2024-25, an increase of 28 percent from last year.

The state-run gas distribution company’s net profit was Rs 3,193 crore in the same period last year.

The revenue from operations grew 6.23 percent in the quarter at 36,937 crore, compared to Rs 34,768 crore last year.

The board declared an interim dividend of Rs 6.50 per equity share.

During the quarter, average natural gas transmission volume stood at 125.93 MMSCMD (million metric standard cubic metre per day) as against 130.63 MMSCMD in Q2 FY25. Gas marketing volume stood at 103.46 MMSCMD as against 96.60 MMSCMD in the previous quarter. LHC sales stood at 282 TMT as against 253 TMT and polymer sales stood at 221 TMT as against 226 TMT in comparison to previous quarter.

GAIL has accounted for an exceptional income of $285 million, or Rs 2,440 crores, in the quarter from SEFE Marketing & Trading Singapore Pte. Ltd as settlement towards withdrawal of arbitration proceedings, said Sandeep Kumar Gupta, Chairman and Managing Director.

At 2:30 pm, GAIL shares were trading 1.48 percent higher on BSE at Rs 167.70.