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GAIL's stronger-than-expected Q3FY24 performance may be priced in

The management claimed improved realisation was key and higher petrochemical sales, improved marketing margins, and reduced petchem costs contributed to the good performance

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Projecting forward, transmission will continue to be steadily profitable as volumes rise, while the petchem cycle has seen a turnaround

Devangshu Datta

3 min read Last Updated : Feb 05 2024 | 11:28 PM IST

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GAIL reported Ebitda of Rs 3,820 crore in the October-December quarter (Q3FY24), driven by stronger-than-expected performances in the gas transmission, LPG, and petchem segments.

This was a huge improvement on Ebitda of Rs 260 crore year-on-year (Y-o-Y). The PAT stood at Rs 2,840 crore, which was also a beat and around 12x better than Rs 250 crore Y-o-Y. For the first nine months (9M) of FY24, GAIL’s revenue stood at Rs 98,300 crore (down 12 per cent Y-o-Y). Ebitda was at Rs 9,750 crore (up 52 per cent Y-o-Y), and PAT stood at Rs 6,660 crore (up 42

Topics : Compass Markets GAIL India Q3 results

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