Public sector natural gas giant GAIL on Thursday reported a 67 per cent increase in net profit at Rs 8,836 crore for the financial year 2023-24 compared to the corresponding figure of Rs 5,302 crore in 2022-23.
According to a company statement, GAIL's annual revenue from operations rose to Rs 1,30,638 crore in FY24 against Rs 1,44,302 crore in FY23.
For the January-March quarter of 2023-24, the company's net profit declined to Rs 2,177 crore against Rs 2,843 crore in Q3 FY24.
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GAIL net profit jumps 67 per cent in 2023-24
GAIL (India) Ltd on Monday said it closed the third quarter of FY24 with a higher net profit of Rs 2,842.62 crore on a lower revenue.
In a regulatory filing, GAIL said for the quarter ended December 31, 2023, it had earned an operational revenue of Rs 34,253.52 crore (against Q3FY23's Rs 35,380.38 crore) and a net profit of Rs 2,842.62 crore (Rs 245.73 crore).
The Board of Directors, in their meeting held on Monday, declared an interim dividend of Rs 5.50 per equity share (fac...
GAIL Q3 profit flares up to Rs 2,842.62 crore, interim dividend declared
In a landmark collaboration set to redefine India's petrochemical landscape, Bharat Petroleum Corporation Limited (BPCL), a Fortune Global 500 Company and a Maharatna company, and GAIL (India) Limited a Maharatna company, have joined forces. On November 1, 2023, a momentous agreement was inked at New Delhi, solidifying a 15-year supply commitment of Propane, a crucial petrochemical feedstock, for GAIL's Usar PDH-PP project in Usar, Maharashtra.
Shri D. V. Mamadapur, Executive Direc...
BPCL and GAIL Sign Historic Agreement : Powering India`s Petrochamical Revolution
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