GAIL Q4 Results: Net Profit Surges 41% YoY, Revenue Jumps 73%

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GAIL Q4 Results: Net Profit Surges 41% YoY, Revenue Jumps 73%
Credit: © Reuters.

By Malvika Gurung

Investing.com -- The government-owned natural gas company GAIL (NS: GAIL ) Ltd reported its earnings results for the March-ending quarter on Friday.

Its standalone net profit surged 41% YoY to Rs 2,683 crore in the March quarter, compared to Rs 1,907 crore in the year-ago period, due to margins on natural gas sales rising.

Revenue from operations jumped 73% YoY to Rs 26,968 crore in the quarter, while pre-tax earnings from the natural gas marketing rallied a whopping 280.9% YoY to Rs 1,725.93 crore in the period.

GAIL reported its highest ever net profit of Rs 10,363.97 crore in the financial year 2021-22, skyrocketing 111.93% on a YoY basis.

Shares of the company ended 5.56% lower at Rs 142.8 apiece on Friday.

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