GAIL (India) Limited posted a profit fall of 81.5 per cent at Rs 642.74 crore in the fiscal fourth quarter as against Rs 3473.77 crore in the same quarter last year, missing estimates, hit by higher expenses. It posted revenue from operations at Rs 33,264.06 crore, up 21.7 per cent in comparison to Rs 27,327.71 crore in the fourth quarter of FY22. According to a CNBC TV18 poll, GAIL was expected to clock profit at Rs 1,043 crore and revenue at Rs 35,272 crore in Q4FY23. The public sector company posted total expenses for the quarter at Rs 33,446.09 crore as against Rs 23,739.81 crore in the corresponding quarter last year. Meanwhile, total income was at Rs 33,810.67 crore in Q4FY23 as against Rs 27,690.40 crore in the fourth quarter of previous year.
GAIL’s revenue from natural gas segment was at Rs 1,619.49 crore, up 3.75 per cent on-year and it clocked revenue at Rs 174.76 crore from LPG services.
