GAIL (India) Ltd. Q1 FY2024 results: revenue ₹32,849 crore, down 13.4% on the year
GAIL (India) Ltd. (GAIL) reported consolidated revenue from operations of ₹32,849 crore for Q1 FY2024, the quarter ended 30 June 2023, down 13.4% on the same quarter a year earlier. Profit after tax was ₹1,793 crore, down 44.8% on the year, and earnings per share ₹2.73. The figures are the company's own, from the unaudited results it filed with NSE on 31 July 2023.
The quarter, against the one before and a year earlier
| Line | Q1 FY2024 | Quarter before | A year earlier | Change on the year |
|---|---|---|---|---|
| Revenue from operations | 32,849 | n/a | n/a | n/a |
| Other income | 152 | n/a | n/a | n/a |
| Total income | 33,001 | n/a | n/a | n/a |
| Cost of materials consumed | 1,924 | n/a | n/a | n/a |
| Purchases of stock-in-trade | 24,865 | n/a | n/a | n/a |
| Changes in inventories | 674 | n/a | n/a | n/a |
| Employee benefit expense | 524 | n/a | n/a | n/a |
| Finance costs | 185 | n/a | n/a | n/a |
| Depreciation, depletion and amortisation | 722 | n/a | n/a | n/a |
| Other expenses | 2,202 | n/a | n/a | n/a |
| Total expenses | 31,095 | n/a | n/a | n/a |
| Profit before exceptional items and tax | 1,906 | n/a | n/a | n/a |
| Exceptional items | 377 | n/a | n/a | n/a |
| Profit before tax | 2,283 | n/a | n/a | n/a |
| Current tax | 482 | n/a | n/a | n/a |
| Deferred tax | 8 | n/a | n/a | n/a |
| Total tax | 490 | n/a | n/a | n/a |
| Profit after tax | 1,793 | n/a | n/a | n/a |
| Attributable to owners of the parent | 1,792 | n/a | n/a | n/a |
| Other comprehensive income | 185 | n/a | n/a | n/a |
| Total comprehensive income | 1,978 | n/a | n/a | n/a |
| EPS, basic | ₹2.73 | n/a | n/a | n/a |
| EPS, diluted | ₹2.73 | n/a | n/a | n/a |
₹ crore except per share.
Quarterly results, the last 12 quarters
| Q1 FY2024 | Q2 FY2024 | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | Q4 FY2026 | Q1 FY2027 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 32,849 | 33,050 | 34,768 | 32,833 | 34,822 | 33,981 | 36,937 | 35,429 | 35,657 | 35,303 | 35,705 | 41,350 |
| Expenses | 31,095 | 30,506 | 31,608 | 30,385 | 31,393 | 31,154 | 34,876 | 32,966 | 33,608 | 33,821 | 34,989 | 35,558 |
| Operating profit | 2,661 | 3,580 | 4,208 | 3,849 | 4,790 | 3,937 | 3,169 | 3,669 | 3,460 | 2,927 | 1,453 | 7,098 |
| OPM % | 8% | 11% | 12% | 12% | 14% | 12% | 9% | 10% | 10% | 8% | 4% | 17% |
| Other income | 152 | 205 | 414 | 237 | 221 | 277 | 378 | 144 | 237 | 338 | 791 | 132 |
| Interest | 185 | 200 | 176 | 159 | 209 | 188 | 169 | 213 | 234 | 254 | 263 | 319 |
| Depreciation | 722 | 837 | 872 | 1,241 | 1,152 | 922 | 939 | 993 | 1,177 | 1,192 | 474 | 987 |
| Exceptional items | 377 | 0 | 0 | 0 | 0 | 0 | 2,440 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 2,283 | 2,749 | 3,574 | 2,685 | 3,650 | 3,104 | 4,879 | 2,607 | 2,286 | 1,819 | 1,508 | 5,925 |
| Tax % | 21% | 25% | 25% | 23% | 25% | 25% | 24% | 25% | 25% | 24% | 32% | 27% |
| Net profit | 1,793 | 2,442 | 3,193 | 2,474 | 3,183 | 2,690 | 4,084 | 2,382 | 1,989 | 1,729 | 1,481 | 4,671 |
| EPS in ₹ | ₹2.73 | ₹3.72 | ₹4.86 | ₹3.75 | ₹4.84 | ₹4.10 | ₹6.21 | ₹3.60 | ₹3.00 | ₹2.67 | ₹2.26 | ₹7.10 |
| Filing | NSE | NSE | NSE | NSE | NSE | NSE | NSE | Filing | Filing | Filing | Filing | Filing |
₹ crore except per share, consolidated, as filed with the exchange. Operating profit is sales less the expenses other than interest and depreciation, OPM is that over sales, and tax % is tax over profit before tax: arithmetic on the filed lines; everything else is as filed. Quarters before December 2024 are from the exchange's earlier results feed, which carries the filed lines without the filing itself; the column links to the exchange's page for the company.
Source
Unaudited consolidated results for the quarter ended 30 June 2023, filed with NSE on 31 July 2023: the result statement. All of GAIL (India) Ltd.'s results: NSE company page.
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