5paisa Research Team
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GAIL India Q4 2024 Results: Consolidated PAT increased by 285% on a YOY Basis
Tanushree Jaiswal
Last Updated: 16th May 2024 - 11:57 pm
Synopsis:
GAIL (India) Limited announced its quarterly results for March 2024 on 16th May. It reported a consolidated PAT of Rs. 2474.31 cr for Q4 FY2024. Its consolidated total revenue for Q4 FY2024 declined by 2.19% on a YOY basis reaching Rs.33069.76 cr.
Quarter result performance
The company’s consolidated total revenue for Q4 FY2024 declined by 2.19% on a YOY basis, reaching Rs. 33069.76 cr from Rs. 33810.67 cr in Q4 FY2023. The quarterly consolidated revenue was also down by 6%. GAIL reported a consolidated PAT of Rs.2474.31 cr for Q4 FY2024 against Rs.642.749 cr in Q4 FY2023, which is a hike of 284.96%. On a quarterly basis, the consolidated PAT was down by 22.52%. The company’s PAT margin stood at 7.48%. While its EBITDA grew at 7% reaching Rs. 3559 cr while its EBITDA margin was 40.00%.
|
GAIL (India) Limited |
|||||
|
Revenue |
Q4 FY24 |
|
Q3 FY24 |
|
Q4 FY23 |
|
33,069.76 |
|
35,181.78 |
|
33,810.67 |
|
|
% Change |
|
|
-6.00% |
|
-2.19% |
|
|
(Current) |
|
(Q-o-Q) |
|
(Y-o-Y) |
|
PBT |
Q4 FY24 |
|
Q3 FY24 |
|
Q4 FY23 |
|
3,099.27 |
|
4,074.77 |
|
688.90 |
|
|
% Change |
|
|
-23.94% |
|
349.89% |
|
|
(Current) |
|
(Q-o-Q) |
|
(Y-o-Y) |
|
PBT M BPS(%) |
Q4 FY24 |
|
Q3 FY24 |
|
Q4 FY23 |
|
9.37 |
|
11.58 |
|
2.04 |
|
|
% Change |
|
|
-19.08% |
|
359.97% |
|
|
(Current) |
|
(Q-o-Q) |
|
(Y-o-Y) |
|
PAT (₹ Cr) |
Q4 FY24 |
|
Q3 FY24 |
|
Q4 FY23 |
|
2,474.31 |
|
3,193.34 |
|
642.74 |
|
|
% Change |
|
|
-22.52% |
|
284.96% |
|
|
(Current) |
|
(Q-o-Q) |
|
(Y-o-Y) |
|
PAT M BPS (%) |
Q4 FY24 |
|
Q3 FY24 |
|
Q4 FY23 |
|
7.48 |
|
9.08 |
|
1.90 |
|
|
% Change |
|
|
-17.57% |
|
293.59% |
|
|
(Current) |
|
(Q-o-Q) |
|
(Y-o-Y) |
|
EPS |
Q4 FY24 |
|
Q3 FY24 |
|
Q4 FY23 |
|
3.75 |
|
4.86 |
|
0.96 |
|
|
% Change |
|
|
-22.84% |
|
290.63% |
|
|
(Current) |
|
(Q-o-Q) |
|
(Y-o-Y) |
For the full financial year ending in March 2024, the consolidated PAT stood at Rs. 9,902.81 cr compared to Rs. 5,595.89 cr in FY 2023, up by 76.96%. For FY 2024, its consolidated total revenue stood at Rs. 134 507.35 cr compared to Rs. 147203.50 cr in FY 2023%.
GAIL’s petrochemicals business witnessed a growth 323% EBIT. While its liquefied petroleum gas (LPG)’s EBIT growth rate was 26%.
Commenting on the quarterly results, Mr. Sandeep Kumar Gupta, Chairman & Managing Director, GAIL said, “The robust performance during FY 2024 is primarily driven by better physical performance across all major segments, despite lower prices in petrochemicals and liquid hydro-carbons. The company incurred capex of Rs 11,426 crore during FY24.”
“The company’s board approved laying of C2/C3 liquid pipeline from Vijaipur to Auraiya having an estimated cost of Rs 1,792 crores with commissioning period of 32 months.”, he added.
About GAIL (India) Limited
GAIL (India) Limited is a Maharatna company that operates in the Indian energy sector with a focus on the natural gas value chain. As part of its wide range of operations, GAIL is involved in natural gas, liquid hydrocarbons, LPG transmission, petrochemicals, city gas distribution, and more.
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