Profit before tax (PBT) surged to Rs 3,099.27 crore in March 2024 quarter from Rs 688.90 crore recorded in corresponding quarter previous fiscal.

The company’s revenue from transmission services segment was at Rs 2,851.71 crore (up 56.32% YoY), petrochemicals division was at Rs 2,256.31 crore (up 65.97% YoY) and city gas segment stood at Rs 3,090.17 crore (up 12.95% YoY) during the quarter.

On the other hand, revenue from natural gas marketing segment was at Rs 31,523.79 crore (down 7.55% YoY) and income from LPG and liquid hydrocarbons division came in at Rs 1,425.90 crore (up 4.40% YoY) during the period under review.

GAIL (India) is the largest state-owned natural gas processing and distribution company in India. The Company has a diversified business portfolio and has interests in the sourcing and trading of natural gas, production of LPG, Liquid hydrocarbons and petrochemicals, transmission of natural gas and LPG through pipelines, etc. GAIL has also participating interest in India and overseas in Oil and Gas Blocks. The Government of India holds 51.90% in the paid-up equity capital of the company as on 31 March 2024.

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