GAIL India’s EBITDA stood at Rs 4,228.2 crore in the third quarter. Which is much higher than the estimate of Rs 21,511 crore.
Gayle India Has published the results of the third quarter ending 31st December 2021 Accordingly, the company’s profit for the period stood at Rs 3,288 crore. On a quarterly basis, the company’s profit increased 14.6 percent. The company posted a net profit of Rs 2,863 crore in the second quarter of the same financial year.
The company’s revenue in the third quarter stood at Rs 25,769.8 crore. During this time both the company’s revenue and profits have been better than expected. Significantly, the CNBC TV18 poll estimated the company’s profit at Rs 2,473 crore and revenue at Rs 21,511 crore. During this period, the company’s revenue grew 19.8 percent on a quarterly basis.
If we look at different sections, the company’s natural gas revenue on a quarterly basis increased by 1.6 per cent to Rs 1,672.72 crore in the third quarter. Similarly, the petrochemical business revenue grew by 5 per cent to Rs 2,400.50 crore on a quarterly basis. The natural gas marketing department has been a major contributor to the company’s revenue growth. During the period, the company’s natural gas sales grew by 23.5 per cent on a quarterly basis to Rs 22,092 crore.
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GAIL India’s EBITDA stood at Rs 4,228.2 crore in the third quarter. Which is much higher than the estimate of Rs 21,511 crore. Similarly, the company’s EBITDA margin stood at 16.4 per cent against the estimate of 15 per cent. The company’s tax expenditure for the third quarter stood at Rs 1,020.4 crore, while other income stood at Rs 651.8 crore, which is less than the estimate of Rs 774 crore. Gayle India’s third quarter results market preferred. At the end of today’s trading, the stock rose 0.89 percent to close at Rs 147 on the BSE.
