GAIL (India) Ltd. Q2 FY2024 results: revenue ₹33,050 crore, down 14.7% on the year

GAIL (India) Ltd. (GAIL) reported consolidated revenue from operations of ₹33,050 crore for Q2 FY2024, the quarter ended 30 September 2023, down 14.7% on the same quarter a year earlier. Profit after tax was ₹2,442 crore, up 87.2% on the year, and earnings per share ₹3.72. The figures are the company's own, from the unaudited results it filed with NSE on 1 November 2023.

Revenue from operations₹33,050 croredown 14.7%

Profit after tax₹2,442 croreup 87.2%

EPS₹3.72

QuarterQ2 FY2024ended 30 September 2023

The quarter, against the one before and a year earlier

Line	Q2 FY2024	Q1 FY2024	A year earlier	Change on the year
Revenue from operations	33,050	32,849	n/a	n/a
Other income	205	152	n/a	n/a
Total income	33,255	33,001	n/a	n/a
Cost of materials consumed	1,199	1,924	n/a	n/a
Purchases of stock-in-trade	26,304	24,865	n/a	n/a
Changes in inventories	-644	674	n/a	n/a
Employee benefit expense	607	524	n/a	n/a
Finance costs	200	185	n/a	n/a
Depreciation, depletion and amortisation	837	722	n/a	n/a
Other expenses	2,004	2,202	n/a	n/a
Total expenses	30,506	31,095	n/a	n/a
Profit before exceptional items and tax	2,749	1,906	n/a	n/a
Exceptional items	0	377	n/a	n/a
Profit before tax	2,749	2,283	n/a	n/a
Current tax	674	482	n/a	n/a
Deferred tax	22	8	n/a	n/a
Total tax	696	490	n/a	n/a
Profit after tax	2,442	1,793	n/a	n/a
Attributable to owners of the parent	2,444	1,792	n/a	n/a
Other comprehensive income	1,140	185	n/a	n/a
Total comprehensive income	3,583	1,978	n/a	n/a
EPS, basic	₹3.72	₹2.73	n/a	n/a
EPS, diluted	₹3.72	₹2.73	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 September 2023, filed with NSE on 1 November 2023: the result statement. All of GAIL (India) Ltd.'s results: NSE company page.

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