GAIL (India), the state-run pure fuel firm, on Tuesday reported a 70.3% leap in its September quarter standalone web revenue at ₹2,404.89 crore from ₹1,412 crore within the earlier quarter.
On a consolidated foundation, the corporate’s web revenue in Q2FY24 rose 36% to ₹2,442 crore from ₹1,793 crore within the quarter ended June 2023.
The corporate’s income from operations within the second quarter of FY24 declined 1.25% to ₹31,822.62 crore from ₹32,227.47 crore within the first quarter.
GAIL’s earnings earlier than curiosity, tax, depreciation and amortization (EBITDA) in Q2FY24 elevated 43.5% to ₹3,492 crore from ₹2,433 crore, QoQ.
EBITDA margin through the quarter improved by 350 foundation factors (bps) to 11% from 7.5%, sequentially.
At 2:35 pm, GAIL (India) shares had been buying and selling 1.81% increased at ₹120.80 apiece on the BSE.
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Up to date: 31 Oct 2023, 02:36 PM IST
Supply: Live Mint