Following the release of impressive Q1 results by the nation’s largest gas distributor, GAIL India, which beats street estimates, the company’s shares climbed more than 5% to reach a 52-week high in early trading on Wednesday. On the BSE, GAIL shares increased by as much as 5.43% to ₹246.35 a share.
In the first quarter of FY25, GAIL (India) reported a consolidated net profit of ₹3,183.35 crore, up 77.5% from ₹1,792.99 crore in the same quarter the previous year. This increase was attributed to higher gas transmission volumes, higher domestic natural gas marketing volumes and improved natural gas marketing margins.
The company’s net profit rise was 28.6% on a sequential basis.
In Q1FY25, revenue from operations climbed slightly to ₹34,821.89 crore from ₹32,848.78 crore year on year.
As of 10:34 am, GAIL India shares were trading 4.81 % higher at Rs 245.00.
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