Its income from operations elevated 3.5% YoY to Rs 32,931 crore within the July-September interval.
The revenue progress was led by a rise in earnings from gasoline transmission enterprise and as a turnaround in petrochemical enterprise neutralised fall in advertising margin.
India’s greatest pure gasoline transmission and advertising agency reported a 26% drop in working revenue within the gasoline advertising enterprise in the course of the quarter to Rs 1,329 crore. Working revenue within the gasoline transmission enterprise elevated 8% to Rs 1,403 crore.
The petrochemicals enterprise swung to a revenue of Rs 158 crore in the course of the quarter from a lack of Rs 160 crore a yr earlier. The LPG and liquid hydrocarbons enterprise recorded working revenue of Rs 249 crore in comparison with a lack of Rs 17 crore within the year-ago interval.
“The petrochemical section is predicted to be fairly worthwhile in FY 2024-25,” GAIL chairman Sandeep Kumar Gupta stated in a press release.The corporate stated it incurred a capex of Rs 1,885 crore in the course of the present quarter, primarily on pipelines, petrochemicals and many others., taking cumulative capex upto H1 FY25 to Rs 3,544 crore.Analysts anticipated GAIL to learn from a robust enhance in gasoline transmission and buying and selling volumes amid total decrease home gasoline costs.
GAIL provides about 52% of the pure gasoline offered within the nation and primarily serves the ability and fertilizer sectors.
