GAIL (India) Limited’s financial performance for Q1 FY24 showed notable improvements across several key metrics:
Net Profit: The company reported a net profit of ₹2,724 crore, representing a 25% increase quarter-over-quarter (QoQ) and a substantial 93% increase year-over-year (YoY).
Revenue: GAIL’s revenue grew to ₹33,692 crore, up by 4% QoQ and 5% YoY. This rise in revenue reflects better performance in gas marketing and transmission operations.
EBITDA: The company’s EBITDA stood at ₹4,528.05 crore, marking a 27% increase QoQ and an impressive 86% increase YoY. The growth in EBITDA indicates strong operational efficiency and higher profitability.
4. EBITDA Margins: The EBITDA margin improved to 13.44%, up from 11% in the previous quarter and significantly higher than the 7.55% recorded in the same period last year. This increase in margins demonstrates enhanced cost management and better pricing strategies.
These results indicate a robust quarter for GAIL, with significant gains in profitability and operational efficiency compared to both the previous quarter and the same period last year.
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