GAIL (India) Limited has reported a huge increase in net profit in the fourth quarter of financial year (FY) 2023-24. The net profit during the quarter stood at Rs 24.74 billion as against Rs 6.42 billion profit in the fourth quarter of FY 2022-23.
Besides, the revenue from operations witnessed 1.29 per cent decrease from Rs 332.64 billion to Rs 328.33 billion during the January 2024- March 2024 period under consideration.
GAIL (India) Limited is a leading natural gas company, operating over a 16,000 km pipeline network across the country. It is engaged in gas trading, transmission, liquefied petroleum gas (LPG) production and transmission, LNG regasification, petrochemicals, CGD, exploration and production.