GAIL India announced a 10% increase in Q2 net profit, which caused its shares to rise nearly 7% to an intra-day high of Rs 209.99. In Q2, the business generated a net profit of Rs 2693.55 crore, increasing 10.21% year over year from Rs 2444.05 crore in the prior quarter of the previous fiscal year. In the second quarter of FY25, GAIL India’s sales increased by 2.74% to Rs 33,888.90 crore, up from Rs 32,985.69 crore in the same period the previous year.
GAIL Q2 FY2025 Results
GAIL’s consolidated net profit for the second quarter of FY25 increased by 10% to Rs 2,690 crore, while operating revenue increased slightly to Rs 33,981 crore. The petrochemical business recovered with an EBIT of Rs 146 crore, up from a loss of Rs 161 crore the previous year, and the natural gas transmission segment reported EBITDA of Rs 1,402 crore, up from Rs 1,294 crore.
However, EBIT for the company’s natural gas marketing division decreased from Rs 1,722 crore to Rs 1,254 crore over the prior year. Sandeep Kumar Gupta, CMD of GAIL, stated that the petrochemical division is expected to maintain profitable in FY25. During the quarter, GAIL spent Rs 1,885 crore on capital projects, mostly related to pipelines and petrochemicals. This brought its total capital expenditures for H1 FY25 to Rs 3,544 crore.
GAIL Vs Nifty 50
Over the past five trading sessions, GAIL India’s stock has increased by 3%. In the last month, it has dropped 7.2%. The stock did, however, yield a 5% return over the previous six months. The gas company reported a 25% return so far this year. Over the past year, the stock has increased by just over 68%. In contrast, during the past five days, the benchmark index, the Nifty 50, has returned 0.5%. The index has increased 8.7% over the last six months, but it has lost 1.6% of its gains in the last month. The wealth of investors has increased by more than 12% so far this year and by 25.6% in the past year thanks to the Nifty 50.
