GAIL (India) Limited has reported 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 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.