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Know All About GAIL Q3 Results!

31 May 20233 mins read by Angel One
Know All About GAIL Q3 Results!
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GAIL’s quarterly results for the period October to December is out now. The company has made stellar gains in net earnings amid a good quarter in LPG and natural gas business. To know details about this story, read on!

Key Highlights of GAIL’s Q3 Results

  • GAIL’s net profit in the October-December quarter rose from Rs. 1,487 in the last quarter of the year-ago period to Rs. 3,288 crores. It is a 121% leap in net profit.

  • Moreover, GAIL’s revenue from operations increased 67% to Rs. 25,776 crores. In the same quarter last year, the income from operations was at Rs. 15,675 crores.

  • Operating profit, on the other hand, rose to Rs. 1,750 crores. This figure is up from a loss of Rs. 74 crore in the year-ago period.

  • Profits from the natural gas transmission business stayed flat from last year.

  • Segment-wise, revenues from natural gas rose to Rs. 1,672 crores while LPG revenues fell to Rs. 167 crores.

More About GAIL

GAIL or Gas Authority of India Ltd. is a state-owned natural gas processing and distribution company in India. It was founded in August 1984. Some of the products of this company include:

  • City gas distribution

  • Electricity generations

  • Liquefied Petroleum Gas transmission

  • Liquid hydrocarbons

  • Natural gas

  • Petrochemicals

  • Solar and renewable wind energy

These fall under GAIL’s well-known product portfolio. This company has its headquarters in New Delhi.

Bottom Line

Global gas prices have skyrocketed because of higher demand and a correspondingly lower supply. This scenario has boosted the GAIL Q3 results. Another boost for the earnings has come from the liquid hydrocarbons and the LPG business. Rising oil prices have had a domino effect on the LPG rates in the international markets. Consequently share price of GAIL also rose on the stock markets.

Frequently Asked Questions

  1. By how much did the profit from petrochemicals drop?

Ans. GAIL’s profit from petrochemicals dropped 16 per cent down to Rs. 364 crores.

  1. What were the GAIL shares on the National Stock Exchange?

Ans. The GAIL shares on NSE rose by 1% and reached a value of Rs. 147.20.

  1. What was the revenue from natural gas marketing?

Ans. The revenue from natural gas marketing increased to Rs. 25,117 crores in Q3 of December.

Disclaimer: This blog is exclusively for educational purposes and does not provide any advice/tips on investment or recommend buying and selling any stock.

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