Gail India

GAIL Q1FY24 results: Revenue down to 14.22 percent, profit down Rs 1,412 crore

GAIL Q1 result: GAIL India’s standalone revenue decreased 51.56 percent to Rs 1,412 in the first quarter of the current fiscal year (Q1FY24) from Rs 2,915.19 in the same period of the previous year. The company provides this information on the BSE form.

Net profit increased by 133.9% compared to the previous month.
The company reported revenue of Rs 6,035.2 in the fourth quarter of FY23 (Q4FY23).

Revenue Reduction:

24th Quarter (24th Quarter) Operating Income Rs. 14.22% decrease.

Quarterly operating income decreased by 1.91%. Its price is Rs 32,858. 20 crore in Q4FY23.

Reduction in total revenue:

Total revenue for Q1 FY24 (Q1FY24) was Rs 32,495.07 crore, Rs 37,751.91 crore. That number has dropped from 13.

Total revenue decreased by 4.07% compared to the previous month. Rs. 33,875.39 crore (Q4FY23) for the fourth quarter of 2023.
Last week, GAIL India and Indradhanush Gas Grid Limited (IGGL) signed an interconnection agreement to connect IGGL’s North East Gas Grid (NEGG) to GAIL’s Barauni Guwahati Pipeline (BGPL). The

The interconnection agreement will facilitate NEGG’s interconnection with BGPL at three locations, including Jalpaiguri in West Bengal and Baihata and Panikheti in Assam.

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