GAIL India Limited Q2 Results 2023

Read this story to learn about Q2- highlights, performance, earnings, dividend updates, market performance, etc.,

Highlights of the Result (Consolidated)

· The revenue from Operations was at ₹ 33,049 Cr · Net profit for Q2 FY’24 stood at ₹2,442 Cr · EBITDA saw an increase and was up 88%, at ₹3,580 Cr

Performance Highlights (Consolidated)

· The revenue from Operations down by 15% YoY · Profit after tax (PAT) saw an increment of 87% YoY · EBITDA Margin touched a percentage of 10.9%

Q2 Volume Information

Gas transmission at 120.31 MMSCMD, up from Q1; gas marketing at 96.96 MMSCMD, LHC sales 242 TMT, Polymer sales 168 TMT.

Key Announcements

Strong Q2 performance, with Gas Transmission as a standout. Expectations of improved LPG and Polymer realizations in the future. Half-year CAPEX: ₹4,853 Cr in key areas.