GAIL India Reports Strong Quarterly Earnings

Gail (India) ( (GAILF) ) has released its Q2 earnings. Here is a breakdown of the information Gail (India) presented to its investors.

GAIL (India) Limited, a state-owned enterprise and Maharatna company, operates in the natural gas sector, focusing on transmission and marketing of natural gas, production of petrochemicals, and other related activities. In its latest earnings report for the quarter and half-year ending September 30, 2024, GAIL announced unaudited financial results, reflecting a solid performance across various metrics. The company’s revenue from operations for the quarter was reported at INR 33,981.33 crore, while the half-year revenue stood at INR 68,803.22 crore. GAIL’s net profit after tax for the quarter reached INR 2,689.67 crore, indicating a strong quarterly performance. The company maintained a robust financial position with a net worth of INR 61,562.25 crore and a debt-equity ratio of 0.24. Additionally, GAIL’s total assets were valued at INR 128,988.77 crore, showcasing its expansive asset base. Looking ahead, GAIL’s management remains focused on addressing regulatory challenges and exploring growth opportunities in the natural gas sector, with a continued emphasis on maintaining financial stability and operational efficiency.