GAIL (India) (GAIL) Q3 24/25 earnings summary

Executive summary

• Achieved highest-ever quarterly and nine-month PBT and PAT, with nine-month PBT at INR 12,123 crore and PAT at INR 9,263 crore, up 39% year-over-year, driven by robust segment performance and exceptional income from arbitration settlement.

• Unaudited standalone and consolidated financial results for the quarter and nine months ended 31 December 2024 were approved, with an interim dividend of ₹6.50 per share declared, totaling ₹4,273.81 crore.

• 9M FY25 saw strong operational and financial performance, with notable growth in gas transmission and marketing volumes.

• Exceptional income of ₹2,440 crore from arbitration settlement with SMTS/LNG supplier boosted profitability.

Financial highlights

• Q3 FY25 standalone gross turnover: INR 34,912 crore (up 6% sequentially); consolidated turnover: INR 36,887 crore (up 9% sequentially).

• Standalone gross turnover for 9M FY25 reached ₹1,01,353 crore; consolidated turnover at ₹1,05,502 crore.

• Standalone Q3 FY25 net profit: ₹3,867.38 crore; consolidated net profit: ₹4,084.24 crore.

• Standalone PAT for 9M FY25 stood at ₹9,263 crore; consolidated PAT at ₹9,958 crore.

• Market capitalization as of Q3 FY25 was ₹1,25,617 crore.

Segment performance

• Gas marketing volume in Q3 FY25: 103.46 MMSCMD (up from 96.60 MMSCMD in Q2); transmission volume: 135.93 MMSCMD (down from 130.63 MMSCMD in Q2).

• Gas transmission volumes increased to 98 MMSCMD in 9M FY25 from 95 MMSCMD in FY24.

• Polymer production: 216 TMT (down from 234 TMT in Q2); LHC production: 283 TMT (up from 252 TMT in Q2); LPG throughput: 1,157 TMT (up from 1,124 TMT in Q2).

• Major natural gas demand from fertilizers, power, and city gas distribution sectors.

• GAIL Gas and JVs added 25,000 new DPNG connections and 5 CNG stations in Q3.