In This Article:
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Standalone Gross Turnover: INR34,912 crores in Q3 FY25.
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Standalone Profit Before Tax (PBT): INR5,029 crores in Q3 FY25.
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Standalone Profit After Tax (PAT): INR3,867 crores in Q3 FY25.
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Consolidated Gross Turnover: INR36,887 crores in Q3 FY25.
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Consolidated Profit Before Tax (PBT): INR5,272 crores in Q3 FY25.
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Consolidated Profit After Tax (PAT): INR4,082 crores in Q3 FY25.
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Gas Marketing Volume: 103.46 MMSCMD in Q3 FY25.
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Natural Gas Transmission Volume: 125.93 MMSCMD in Q3 FY25.
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Polymer Production: 216 TMT in Q3 FY25.
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LHC Production: 283 TMT in Q3 FY25.
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LPG Transmission Throughput: 1,157 TMT in Q3 FY25.
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CapEx for Q3 FY25: Approximate INR2,122 crores.
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GAIL Gas Limited Turnover: INR3,043 crores in Q3 FY25.
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GAIL Gas Limited Profit Before Tax (PBT): INR155 crores in Q3 FY25.
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GAIL Gas Limited Profit After Tax (PAT): INR114 crores in Q3 FY25.
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Interim Dividend: 65% of face value, INR6.5 per share for FY24-25.
Release Date: January 30, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
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GAIL (India) Ltd (GAILF) reported its highest ever quarterly and nine-month PBT and PAT, with a growth of 39% compared to the same period last year.
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The company declared an interim dividend of 65% of the face value of shares, amounting to INR6.5 per share.
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GAIL (India) Ltd (GAILF) achieved a 6% growth in gross turnover for Q3 FY25, reaching INR34,912 crores.
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The company received an exceptional income of INR2,440 crores from SEFE Marketing and Trading Singapore as a settlement.
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GAIL (India) Ltd (GAILF) plans to expand its infrastructure with new CNG stations and DPNG connections, targeting 80 new CNG stations and 120,000 new DPNG connections in the next two years.
Negative Points
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Natural gas transmission volume decreased by 4% in Q3 FY25 due to reduced offtake by the Power segment and shippers.
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GAIL Gas Limited, a subsidiary, saw a 3% decline in turnover and a 7% decrease in PBT due to a cut in APM gas allocation.
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The company faced a significant drop in trading EBIT due to falling crude prices and higher Henry Hub prices, impacting margins.
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There was a reduction in LPG production due to a cut in APM gas allocation, expected to drop by approximately 75 TMT in Q4 FY25.
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The company experienced a temporary mismatch in contract terms, leading to a loss of over INR900 crores in trading margins.
Q & A Highlights
Q: Can you explain the correlation between trading and transmission volumes, given the increase in trading but decrease in transmission this quarter? A: Trading volume increased due to international sales, contributing 9 MMSCMD. The transmission and marketing are aligned, but the international sales created a temporary disconnect. (Rakesh Jain, CFO)