GAIL Q4 earnings: Net profit falls 23%, stock ends lower

Shares of GAIL Ltd ended 2.61% lower at Rs 195.55 on BSE today. The earnings were announced during market hours.

May 16, 2024,
Updated May 16, 2024 3:52 PM IST

Natural gas major GAIL reported a 23% fall in net profit for the fourth quarter on a quarter on quarter basis. Profit slipped to Rs 2177 crore in the last quarter due to lower revenues and weaker than expected performance in the gas marketing segment.

Profit in the December 2023 quarter stood at Rs 2,842 crore. Revenue in Q4FY24 fell 5.6% to Rs 32,317 crore against Rs 34,237 crore in the previous quarter.

Operating profit margin (OPM) in Q4 came at 11% against 11.2% in the previous quarter.

Shares of GAIL Ltd ended 2.61% lower at Rs 195.55 on BSE today. The earnings were announced during market hours. The stock slipped up to 4.88% to Rs 191 against the previous close of Rs 200.80 immediately after the earnings announcement.

Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.

Natural gas major GAIL reported a 23% fall in net profit for the fourth quarter on a quarter on quarter basis. Profit slipped to Rs 2177 crore in the last quarter due to lower revenues and weaker than expected performance in the gas marketing segment.

Profit in the December 2023 quarter stood at Rs 2,842 crore. Revenue in Q4FY24 fell 5.6% to Rs 32,317 crore against Rs 34,237 crore in the previous quarter.

Operating profit margin (OPM) in Q4 came at 11% against 11.2% in the previous quarter.

Shares of GAIL Ltd ended 2.61% lower at Rs 195.55 on BSE today. The earnings were announced during market hours. The stock slipped up to 4.88% to Rs 191 against the previous close of Rs 200.80 immediately after the earnings announcement.

Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.

ABOUT THE AUTHOR

Aseem Thapliyal

A journalist with over 12 years' experience, who tracks trends in the share market and writes stock market stories. An active follower of Sensex and Nifty, I capture stocks in news and analysis by share market experts and brokerages on their outlook and price targets. I cover company news/earnings leading to a rally or crash in particular stocks or stock market indices. Also track impact of global stock markets on their Indian peers. I have worked with Live Mint and NDTV Profit in previous stints. My hobbies are exploring new places, travelling, watching movies, spending time with friends and family, watching web series, playing cricket and football. I have completed graduation from Delhi University along with a PG Diploma in journalism from IIMC. I can be reached easily via social media platforms.

GAIL Q4 earnings: Net profit falls 23%, stock ends lower

Profit slipped to Rs 2177 crore in the last quarter due to lower revenues and weaker than expected performance in the gas marketing segment.

ABOUT THE AUTHOR

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