GAIL (India) Ltd Share Price – NSE /  BSE

Gas Distribution, Mid Cap

GAIL (India) has won the SAP ACE Award 2024 for Best Financial Transformation, the second consecutive year it has earned the recognition. The award highlights the company's impressive achievement in digitally transforming its trust accounting process using SAP Treasury and Risk Management (TRM), demonstrating its dedication to financial innovation and operational excellence.

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The frontline indices traded with modest gains in morning trade. The Nifty traded above the 24,300 level. Realty shares extended gains for the second consecutive trading session.

At 10:30 IST, the barometer index, the S&P BSE Sensex rallied 380.96 points or 0.49% to 79,857.59. The Nifty 50 index rallied 117.85 points or 0.49% to 24,331.15.

In the broader market, the S&P BSE Mid-Cap index rallied 1.22% and the S&P BSE Small-Cap index gained 0.95%.

The market breadth was strong. On the BSE, 2,778 shares rose and 839 shares fell. A total of 154 shares were unchanged.

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, dropped 4.31% to 15.43.

Result Today:

Power Grid Corporation of India (down 0.13%), Apollo Hospitals (up 0.13%), Tata Steel (down 0.76%), Aadhar Housing Finance (up 0.81%), Jindal Steel & Power (up 1.50%), Blue Star (up 1.77%), Chambal Fertilisers (up 1.77%), Delta Corp (up 0.42%), Endurance Technologies (up 0.65%), Gandhar Oil Refinery (down 0.16%), GE Power India (up 2.08%), Gujarat Pipavav Port (up 1.61%), Granules India (up 1.73%), Gujarat Gas (up 1.72%), JB Chemicals (down 0.51%), JK Lakshmi Cement (down 0.59%), Rites (up 0.82%), Sonata Software (up 1.93%), TeamLease Services (up 1%), Thangamayil Jewellery (up 0.95%) and Trident (up 0.85%) will declare their quarterly earnings later today.

Buzzing Index:

The Nifty Realty jumped 1.77% to 1,003.05. The index rallied 2.40% in two consecutive trading sessions.

Brigade Enterprises (up 2.58%), Prestige Estates Projects (up 2.48%), Mahindra Lifespace Developers (up 2.06%), DLF (up 1.73%), Godrej Properties (up 1.65%), Macrotech Developers (up 1.55%), Sobha (up 1.50%), Oberoi Realty (up 1.18%) and Phoenix Mills (up 0.19%) advanced.

Stocks in Spotlight:

GAIL (India) jumped 5.91% after the company’s consolidated net profit increased 10.13% to Rs 2,689.67 crore on 2.7% rise in revenue from operations (excluding excise duty) to Rs 33,888.90 in Q2 FY25 over Q2 FY24.

Berger Paints added 0.65%. The paint major’s consolidated net profit decrease 7.53% to Rs 269.66 crore in Q2 FY25 as against Rs 291.64 crore posted in Q2 FY24. Revenue from operations rose marginally to Rs 2,774.61 crore in Q2 FY25 as against Rs 2,767.30 crore posted in Q2 FY24.

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Profit before tax (PBT) stood at Rs 3,469.65 crore in second quarter of FY25, registering a growth of 10.6% YoY.

The company’s revenue from natural gas marketing segment was at Rs 32,150.64 crore (up 2.09% YoY), city gas segment stood at Rs 3,412.45 crore (up 14.95% YoY) and transmission services segment income was at Rs 3,030.44 crore (up 11.38% YoY) during the quarter.

Petrochemicals division revenue was at Rs 2,175.98 crore (up 24.82% YoY) and income from LPG and liquid hydrocarbons division came in at Rs 1,296.26 crore (up 25.3% YoY) during the period under review.

The natural gas transmission volume stood at 130.63 MMSCMD and gas marketing volume was 96.60 MMSCMD in Q2 FY25.

The LHC & Polymer sale stood at 253 TMT & 226 TMT respectively in second quarter of FY25 as compared to 218 TMT & 169 TMT respectively in Q1 FY25.

On consolidated basis, the firm’s net profit jumped 38.7% to Rs 5,876.48 crore on 4.3% rise in net sales to Rs 68,626.67 crore in H1 FY25 over H1 FY24.

The company has incurred a capex of Rs 1,885 crore during the current quarter, mainly on pipelines, Petrochemicals etc., taking cumulative capex up to Rs 3,544 crore for H1 FY25.

GAIL (India) is the largest state-owned natural gas processing and distribution company in India. The Company has a diversified business portfolio and has interests in the sourcing and trading of natural gas, production of LPG, Liquid hydrocarbons and petrochemicals, transmission of natural gas and LPG through pipelines, etc. GAIL has also participating interest in India and overseas in Oil and Gas Blocks. The Government of India holds 51.92% in the paid-up equity capital of the company as on 30 June 2024.

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Net profit of GAIL (India) rose 10.21% to Rs 2693.55 crore in the quarter ended September 2024 as against Rs 2444.05 crore during the previous quarter ended September 2023. Sales rose 2.74% to Rs 33888.90 crore in the quarter ended September 2024 as against Rs 32985.69 crore during the previous quarter ended September 2023.

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