New Delhi: India’s largest natural gas utility Gayle Posted on Thursday net income Revenue in the fourth quarter of 2023-24 was 2,176.9 billion rupees, an increase of 261% from 603.5 billion rupees in the same period last year gas delivery and petrochemical Business.
Chairman of the company Sandeep Kumar Gupta The increase in profit was attributed to improved entity performance across business units, despite lower petrochemical and liquid hydrocarbon prices.
The state-run utility posted a pre-tax profit of 9.8 billion rupees in its gas transmission business, compared with a loss of 164 million rupees in the same period last year. The petrochemical business achieved a pre-tax profit of 2.623 billion rupees, compared with a loss of 4.01 billion rupees in the same period last year.Revenue comes from natural gas Marketing expenses jumped to Rs 1,390 crore as compared to Rs 487.4 billion in the same period last year.
In the financial year 2023-24 (April 2023 to March 2024), the company’s profit was Rs 8,836.4 billion on revenue of Rs 1.3 billion. This is higher than the profit of Rs 5,301.51 crore in the previous financial year 2022-23 on revenue of Rs 1.40 lakh.
As a result, the profit in the March quarter was 26% lower than the Rs 2,842.6 crore recorded in the previous October-December quarter. Revenue for the quarter was almost flat at Rs 32,334.5 crore.
GAIL said its board approved an investment of Rs 1,792 crore for laying pipeline Transporting raw materials for its petrochemical plants from Vijaypur in Madhya Pradesh to Patta in Uttar Pradesh.
The proposed pipeline, which will carry 950,000 tonnes of liquid products per year, will be completed within 32 months, it added.
According to a company statement, natural gas delivery volume increased by 12% this year to 120.46 million standard cubic meters per day, compared with 107.28 MMSCMD in fiscal 2023.
Chairman of the company Sandeep Kumar Gupta The increase in profit was attributed to improved entity performance across business units, despite lower petrochemical and liquid hydrocarbon prices.
The state-run utility posted a pre-tax profit of 9.8 billion rupees in its gas transmission business, compared with a loss of 164 million rupees in the same period last year. The petrochemical business achieved a pre-tax profit of 2.623 billion rupees, compared with a loss of 4.01 billion rupees in the same period last year.Revenue comes from natural gas Marketing expenses jumped to Rs 1,390 crore as compared to Rs 487.4 billion in the same period last year.
In the financial year 2023-24 (April 2023 to March 2024), the company’s profit was Rs 8,836.4 billion on revenue of Rs 1.3 billion. This is higher than the profit of Rs 5,301.51 crore in the previous financial year 2022-23 on revenue of Rs 1.40 lakh.
As a result, the profit in the March quarter was 26% lower than the Rs 2,842.6 crore recorded in the previous October-December quarter. Revenue for the quarter was almost flat at Rs 32,334.5 crore.
GAIL said its board approved an investment of Rs 1,792 crore for laying pipeline Transporting raw materials for its petrochemical plants from Vijaypur in Madhya Pradesh to Patta in Uttar Pradesh.
The proposed pipeline, which will carry 950,000 tonnes of liquid products per year, will be completed within 32 months, it added.
According to a company statement, natural gas delivery volume increased by 12% this year to 120.46 million standard cubic meters per day, compared with 107.28 MMSCMD in fiscal 2023.
