|
GAIL (India) consolidated net sales declined
3.31% to Rs 34697.82 crore during Q3FY24 compared to Q3Fy23. Sales of Natural Gas segment has gone up
61.28% to Rs 2,675.18 crore (accounting for 6.32% of total sales). Sales of LPG segment has gone up 2.12% to Rs
183.88 crore (accounting for 0.43% of total sales). Sales of Natural Gas Trading segment fell
19.77% to Rs 32,464.19 crore (accounting for 76.68% of total sales). Sales of Petrochemicals segment has gone up
173.16% to Rs 2,050.15 crore (accounting for 4.84% of total sales). Sales of LPG and Liquid Hydrocarbons segment
has gone down 4.32% to Rs 1,296.38 crore (accounting for 3.06% of total
sales). Sales of City Gas Distribution
segment has gone up 19.85% to Rs 3,389.06 crore (accounting for 8.00% of total
sales). Sales of Others segment has gone
down 15.14% to Rs 280.77 crore (accounting for 0.66% of total sales). Inter-segment sales came down from Rs
11,625.76 crore to Rs 7,571.84 crore.
Profit before interest, tax and other
unallocable items (PBIT) has jumped 1,275.21% to Rs 3,799.56 crore. PBIT of Natural Gas segment rose 185.23% to
Rs 1,215.07 crore (accounting for 31.98% of total PBIT). PBIT of LPG segment fell 13.41% to Rs 79.41
crore (accounting for 2.09% of total PBIT).
PBIT of Natural Gas Trading reported profit of Rs 1,891.29 crore
compared to loss of Rs 56.48 crore. PBIT
of Petrochemicals reported profit of Rs 54.73 crore compared to loss of Rs
348.85 crore. PBIT of LPG and Liquid
Hydrocarbons reported profit of Rs 257.53 crore compared to loss of Rs 29.17
crore. PBIT of City Gas Distribution
segment rose 54.55% to Rs 183.67 crore (accounting for 4.83% of total PBIT). PBIT of Others segment rose 58.73% to Rs
117.86 crore (accounting for 3.10% of total PBIT).
PBIT margin of Natural Gas segment rose from
25.68% to 45.42%. PBIT margin of LPG
segment fell from 50.93% to 43.19%. PBIT
margin of Natural Gas Trading segment rose from negative 0.14% to 5.83%. PBIT margin of Petrochemicals segment rose
from negative 46.48% to 2.67%. PBIT
margin of LPG and Liquid Hydrocarbons segment rose from negative 2.15% to
19.87%. PBIT margin of City Gas
Distribution segment rose from 4.20% to 5.42%.
PBIT margin of Others segment rose from 22.44% to 41.98%. Overall PBIT margin rose from 0.58% to
8.97%.
Operating profit margin has jumped from 1.34%
to 12.13%, leading to 773.26% rise in operating profit to Rs 4,208.34
crore. Raw material cost as a % of total
sales (net of stock adjustments) increased from 4.33% to 4.48%. Purchase of finished goods cost fell from
87.72% to 75.02%. Employee cost
increased from 1.23% to 1.53%. Other
expenses rose from 5.39% to 6.53%.
Other income fell 7.95% to Rs 413.94
crore. PBIDT rose 396.17% to Rs 4622.28
crore. Provision for interest rose
46.89% to Rs 176.18 crore.
PBDT rose 447.78% to Rs 4446.1 crore. Provision for depreciation rose 24.84% to Rs
872.27 crore.
Profit before tax grew 3,063.52% to Rs
3,573.83 crore mainly on account of higher gas trading margin, increase in
transmission volume and increase in transmission tariff. Share of profit/loss was 8.77% lower at Rs
500.95 crore. Provision for tax was expense
of Rs 881.43 crore, compared to Rs 264.48 crore. Effective tax rate was 21.63% compared to
39.95%.
Minority interest increased 92.15% to Rs
-1.27 crore. Net profit attributable to
owners of the company increased 672.09% to Rs 3,194.62 crore.
Promoters’ stake was 51.52% as of 31 December
2023 ,compared to 51.52% as of 31 December 2022.
Shri.
Sandeep Kumar Gupta, Chairman & Managing Director, GAIL (India) Limited
said
that during the quarter the physical perfonnance has improved across all major
business verticals and Petrochemical Segment has turned profitable owing to plant
efficiency, better capacity utilization & other optimization measures
adopted. He further stated that the company has incurred a Capex of Rs. 6,583
crore during the period from April`23 to December`23, mainly on Pipelines,
Petrochemicals, Equity to JVs, etc.
During the quarter, Average Natural Gas
Transmission volume stood at 121.54 MMSCMD as against 120.31 MMSCMD in Q2 FY24.
Gas marketing volume stood at 98.14 MMSCMD as against 96.96 MMSCMD in the
previous quarter. LHC sales stood at 249 TMT as against 242 TMT & Polymer
sales jumped up by 28% to 215 TMT as against 168 TMT in comparison to the
previous quarter.
For
year-to-date (YTD) results analysis
Net sales (including other operating income)
of GAIL (India) has declined 10.66% to Rs 100472.14 crore. Sales of Natural Gas segment has gone up
57.91% to Rs 7,913.54 crore (accounting for 6.43% of total sales). Sales of LPG segment has gone down 0.16% to
Rs 545.98 crore (accounting for 0.44% of total sales). Sales of Natural Gas Marketing segment fell
23.25% to Rs 95,910.17 crore (accounting for 77.90% of total sales). Sales of Petrochemicals segment has gone up
54.51% to Rs 5,497.10 crore (accounting for 4.46% of total sales). Sales of LPG and Liquid Hydrocarbons segment
has gone down 13.18% to Rs 3,649.93 crore (accounting for 2.96% of total
sales). Sales of City Gas segment has
gone up 2.46% to Rs 8,761.52 crore (accounting for 7.12% of total sales). Sales of Others segment has gone down 7.78%
to Rs 842.86 crore (accounting for 0.68% of total sales). Inter-segment sales came down from Rs
35,144.34 crore to Rs 22,455.61 crore.
Profit before interest, tax and other
unallocable items (PBIT) has jumped 55.72% to Rs 9,280.20 crore. PBIT of Natural Gas segment rose 82.34% to Rs
3,530.33 crore (accounting for 38.04% of total PBIT). PBIT of LPG segment fell 16.59% to Rs 241.46
crore (accounting for 2.60% of total PBIT).
PBIT of Natural Gas Marketing segment rose 81.30% to Rs 4,660.52 crore
(accounting for 50.22% of total PBIT).
PBIT of Petrochemicals segment rose 38.18% to Rs -407.96 crore
(accounting for -4.40% of total PBIT).
PBIT of LPG and Liquid Hydrocarbons segment fell 59.95% to Rs 442.94
crore (accounting for 4.77% of total PBIT).
PBIT of City Gas segment rose 20.59% to Rs 410.36 crore (accounting for
4.42% of total PBIT). PBIT of Others
segment rose 6.79% to Rs 402.55 crore (accounting for 4.34% of total
PBIT).
PBIT margin of Natural Gas segment rose from
38.63% to 44.61%. PBIT margin of LPG
segment fell from 52.93% to 44.23%. PBIT
margin of Natural Gas Marketing segment rose from 2.06% to 4.86%. PBIT margin of Petrochemicals segment rose
from negative 18.55% to negative 7.42%.
PBIT margin of LPG and Liquid Hydrocarbons segment fell from 26.30% to
12.14%. PBIT margin of City Gas segment
rose from 3.98% to 4.68%. PBIT margin of
Others segment rose from 41.24% to 47.76%.
Overall PBIT margin rose from 4.03% to 7.54%.
Operating profit margin has jumped from 6.16%
to 10.40%, leading to 50.73% rise in operating profit to Rs 10,449.09
crore. Raw material cost as a % of total
sales (net of stock adjustments) increased from 4.01% to 4.66%. Purchase of finished goods cost fell from
84.47% to 76.88%. Employee cost
increased from 1.16% to 1.63%. Other
expenses rose from 4.37% to 6.35%.
Other income fell 1.35% to Rs 771.29
crore. PBIDT rose 45.45% to Rs 11220.38
crore. Provision for interest rose
116.11% to Rs 561.14 crore.
PBDT rose 42.99% to Rs 10659.24 crore. Provision for depreciation rose 17.41% to Rs
2431.23 crore.
Profit before tax grew 52.83% to Rs 8,228.01
crore. Share of profit/loss was 7.10%
higher at Rs 1267.73 crore. Provision
for tax was expense of Rs 2067.24 crore, compared to Rs 1614.33 crore. Effective tax rate was 21.77% compared to
24.58%.
Minority interest increased 92.99% to Rs
-2.01 crore. Net profit attributable to
owners of the company increased 49.15% to Rs 7,430.51 crore.
Promoters’ stake was 51.52% as of 31 December
2023 ,compared to 51.52% as of 31 December 2022 .
The scrip is currently trading at Rs 174
|
GAIL (India) : Consolidated Results
|
|
Particulars
|
2312 (03)
|
2212 (03)
|
Var.(%)
|
2312 (09)
|
2212 (09)
|
Var.(%)
|
2303 (12)
|
2203 (12)
|
Var.(%)
|
|
Net Sales
|
34,697.82
|
35,884.51
|
-3
|
1,00,472.14
|
1,12,461.68
|
-11
|
1,45,668.30
|
92,873.82
|
57
|
|
OPM (%)
|
12.1
|
1.3
|
|
10.4
|
6.2
|
|
5.1
|
16.3
|
|
|
OP
|
4,208.34
|
481.91
|
773
|
10,449.09
|
6,932.24
|
51
|
7,488.00
|
15,151.58
|
-51
|
|
Other Inc.
|
413.94
|
449.69
|
-8
|
771.29
|
781.86
|
-1
|
1,328.47
|
1,172.25
|
13
|
|
PBIDT
|
4,622.28
|
931.6
|
396
|
11,220.38
|
7,714.10
|
45
|
8,816.47
|
16,323.83
|
-46
|
|
Interest
|
176.18
|
119.94
|
47
|
561.14
|
259.65
|
116
|
366.58
|
202.48
|
81
|
|
PBDT
|
4,446.10
|
811.66
|
448
|
10,659.24
|
7,454.45
|
43
|
8,449.89
|
16,121.35
|
-48
|
|
Depreciation
|
872.27
|
698.69
|
25
|
2431.23
|
2070.71
|
17
|
2701.57
|
2420.17
|
12
|
|
PBT
|
3,573.83
|
112.97
|
999
|
8228.01
|
5383.74
|
53
|
5748.32
|
13701.18
|
-58
|
|
Share of
Profit/(Loss) from Associates
|
500.95
|
549.1
|
-9
|
1267.73
|
1183.74
|
7
|
1508.06
|
1762.34
|
-14
|
|
PBT before EO
|
4074.78
|
662.07
|
515
|
9495.74
|
6567.48
|
45
|
7256.38
|
15463.52
|
-53
|
|
EO Income
|
0
|
0
|
-
|
0
|
0
|
-
|
0
|
0
|
-
|
|
PBT after EO
|
4074.78
|
662.07
|
515
|
9495.74
|
6567.48
|
45
|
7256.38
|
15463.52
|
-53
|
|
Taxation
|
881.43
|
264.48
|
233
|
2067.24
|
1614.33
|
28
|
1660.49
|
3159.89
|
-47
|
|
PAT
|
3193.35
|
397.59
|
703
|
7428.5
|
4953.15
|
50
|
5595.89
|
12303.63
|
-55
|
|
Minority
Interest (MI)
|
-1.27
|
-16.17
|
92
|
-2.01
|
-28.67
|
93
|
-20.11
|
47.56
|
LP
|
|
Net profit
|
3194.62
|
413.76
|
672
|
7430.51
|
4981.82
|
49
|
5616
|
12256.07
|
-54
|
|
EPS (Rs)*
|
#
|
#
|
|
#
|
#
|
|
8.5
|
18.6
|
|
|
Notes
|
|
* EPS is on
current equity of Rs 6,575.10 crore, Face value of Rs 10, Excluding
extraordinary items.
|
|
# EPS is not
annualised
|
|
bps : Basis
points
|
|
EO :
Extraordinary items
|
|
Figures in Rs
crore
|
|
Source:
Capitaline Corporate Database
|
|
GAIL (India) : Consolidated Segment Results
|
|
|
% of (Total)
|
2312 (03)
|
2212 (03)
|
Var.(%)
|
% of (Total)
|
2312 (09)
|
2212 (09)
|
Var.(%)
|
% of (Total)
|
2303 (12)
|
2203 (12)
|
Var.(%)
|
|
Sales
|
|
|
|
|
|
Natural Gas
|
6
|
2,675.18
|
1,658.72
|
61
|
6
|
7,913.54
|
5,011.58
|
58
|
4
|
6,661.07
|
6,392.48
|
4
|
|
LPG
|
0
|
183.88
|
180.06
|
2
|
0
|
545.98
|
546.86
|
0
|
0
|
721.62
|
668.59
|
8
|
|
Natural Gas
Trading
|
77
|
32,464.19
|
40,462.38
|
-20
|
78
|
95,910.17
|
1,24,968.50
|
-23
|
84
|
1,59,067.91
|
89,932.95
|
77
|
|
Petrochemicals
|
5
|
2,050.15
|
750.52
|
173
|
4
|
5,497.10
|
3,557.79
|
55
|
3
|
4,917.26
|
8,548.52
|
-42
|
|
LPG and Liquid
Hydrocarbons
|
3
|
1,296.38
|
1,354.94
|
-4
|
3
|
3,649.93
|
4,204.22
|
-13
|
3
|
5,569.97
|
4,865.16
|
14
|
|
City Gas
Distribution
|
8
|
3,389.06
|
2,827.78
|
20
|
7
|
8,761.52
|
8,550.84
|
2
|
6
|
11,286.69
|
7,221.72
|
56
|
|
Others
|
1
|
280.77
|
330.88
|
-15
|
1
|
842.86
|
913.96
|
-8
|
1
|
1,213.56
|
914.76
|
33
|
|
Total Reported
Sales
|
100
|
42,339.61
|
47,565.28
|
-11
|
100
|
1,23,121.10
|
1,47,753.75
|
-17
|
100
|
1,89,438.08
|
1,18,544.18
|
60
|
|
Less: Inter
segment revenues
|
|
7,571.84
|
11,625.76
|
-35
|
|
22,455.61
|
35,144.34
|
-36
|
|
43,564.77
|
25,675.21
|
70
|
|
Net Sales
|
|
34,767.77
|
35,939.52
|
-3
|
|
1,00,665.49
|
1,12,609.41
|
-11
|
|
1,45,873.31
|
92,868.97
|
57
|
|
PBIT
|
|
|
|
|
|
Natural Gas
|
32
|
1,215.07
|
425.99
|
185
|
38
|
3,530.33
|
1,936.10
|
82
|
29
|
1,919.69
|
3,805.75
|
-50
|
|
LPG
|
2
|
79.41
|
91.71
|
-13
|
3
|
241.46
|
289.47
|
-17
|
6
|
368.69
|
335.04
|
10
|
|
Natural Gas
Trading
|
50
|
1,891.29
|
-56.48
|
LP
|
50
|
4,660.52
|
2,570.59
|
81
|
49
|
3,228.59
|
5,420.72
|
-40
|
|
Petrochemicals
|
1
|
54.73
|
-348.85
|
LP
|
-4
|
-407.96
|
-659.91
|
38
|
-16
|
-1,060.85
|
1,245.26
|
PL
|
|
LPG and Liquid
Hydrocarbons
|
7
|
257.53
|
-29.17
|
LP
|
5
|
442.94
|
1,105.90
|
-60
|
19
|
1,228.43
|
2,899.70
|
-58
|
|
City Gas
Distribution
|
5
|
183.67
|
118.84
|
55
|
4
|
410.36
|
340.29
|
21
|
6
|
429.19
|
470.18
|
-9
|
|
Others
|
3
|
117.86
|
74.25
|
59
|
4
|
402.55
|
376.96
|
7
|
8
|
513.72
|
341.5
|
50
|
|
Total PBIT
|
100
|
3,799.56
|
276.29
|
999
|
100
|
9,280.20
|
5,959.40
|
56
|
100
|
6,627.46
|
14,518.15
|
-54
|
|
Less : Interest
|
|
176.19
|
119.94
|
47
|
|
561.14
|
259.65
|
116
|
|
366.58
|
202.48
|
81
|
|
Add: Other
un-allcoable
|
|
451.4
|
505.72
|
-11
|
|
776.68
|
867.73
|
-10
|
|
995.5
|
1,147.85
|
-13
|
|
PBT
|
|
4,074.77
|
662.07
|
515
|
|
9,495.74
|
6,567.48
|
45
|
|
7,256.38
|
15,463.52
|
-53
|
|