web revenue: GAIL Q2 Outcomes: Internet revenue jumps 56% YoY

State-owned gasoline utility GAIL (India) Ltd on Tuesday reported a 56 per cent bounce in its September quarter web revenue as bumper earnings from gasoline transmission and advertising and marketing enterprise offset petrochem losses. Standalone web revenue of Rs 2,404.89 crore in July-September, or Rs 3.66 per share, was 54.4 per cent greater than Rs 1,537.07 crore, or Rs 2.34 a share, revenue in the identical interval final yr, in accordance with the corporate’s inventory change submitting.

GAIL noticed pre-tax earnings from its mainstay gasoline transportation enterprise soar 82 per cent to Rs 1,290.65 crore within the second quarter of the present fiscal. Additionally, its pre-tax earnings from the advertising and marketing of pure gasoline additionally jumped virtually 400 per cent to Rs 1,784.58 crore.

Losses within the petrochemical enterprise narrowed to Rs 160.61 crore from Rs 346.22 crore in July-September 2022.

Its income from operations dropped to Rs 31,882.62 crore in July-September from Rs 38,490.89 crore on decrease gasoline costs.

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