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GAIL (India) : Q1 2024 Financial Quarterly Report : YoY Sales Up 6.01 %, QoQ Up 6.06 %

July 30, 2024July 30, 2024| adminadmin| 0 Comments| 6:40 pm
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Highlights

  • The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
  • Sales over the Year and quarter: The company experienced a substantial growth of 6.01 % in the past year, substantial increase in net sales/revenue by 6.06 %.
  • Income over the Year and quarter: There has been decline in other income over the past year which is -58.31 %, Marginal decrease of -66.11% in other income during this quarter.
  • Profit over the Year and quarter: Significant improvement in profitability for GAIL (India) Limited. Notable increase of 77.54 % in net profit Year to Year, GAIL (India) Limited’s profitability increased by 28.66 % in this quarter.
  • EPS over the Year and quarter: EPS increased by 77.29 % Year to Year. EPS increased by 29.07 % in previous quarter. Positive impact on shareholders.

The comprehensive analytics outlining the performance and outlook of GAIL (India) Limited”s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 32848.78 Cr Rs. 32833.24 Cr Rs. 34821.89 Cr + 6.06 % + 6.01 %
Expenses Rs. 30188.24 Cr Rs. 28984.6 Cr Rs. 30031.87 Cr + 3.61 % -0.52 %
Operating Profit Rs. 2660.54 Cr Rs. 3848.64 Cr Rs. 4790.02 Cr + 24.46 % + 80.04 %
OPM % 8.1 % 11.72 % 13.76 % + 2.04 % + 5.66 %
Other Income Rs. 528.98 Cr Rs. 650.87 Cr Rs. 220.55 Cr -66.11 % -58.31 %
Interest Rs. 185.36 Cr Rs. 159.47 Cr Rs. 208.76 Cr + 30.91 % + 12.62 %
Depreciation Rs. 721.65 Cr Rs. 1240.77 Cr Rs. 1152.19 Cr -7.14 % + 59.66 %
Profit before tax Rs. 2282.51 Cr Rs. 3099.27 Cr Rs. 3649.62 Cr + 17.76 % + 59.9 %
Tax % 21.45 % 23.28 % 25.49 % + 2.21 % + 4.04 %
Net Profit Rs. 1792.99 Cr Rs. 2474.31 Cr Rs. 3183.35 Cr + 28.66 % + 77.54 %
EPS in Rs Rs. 2.73 Rs. 3.75 Rs. 4.84 + 29.07 % + 77.29 %


Today, we’re looking at GAIL (India) Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 6.01 %. However, it did see a marginal increase of 6.06 % from the previous quarter. Expenses ticked up slightly by 3.61 % quarter-on-quarter, aligning with the annual decline of -0.52 %. Operating profit, while up 80.04 % compared to last year, faced a quarter-on-quarter increase of 24.46 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 5.66 %, but an expansion of 2.04 % sequentially. Other income fell by -66.11 % compared to the last quarter, despite an annual decline of -58.31 %. Interest expenses surged remarkably by 30.91 % from the previous quarter, yet the year-over-year increase remains at a moderate 12.62 %. Depreciation costs fell by -7.14 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 59.66 %. Profit before tax grew annually by 59.9 % but saw an increase from the preceding quarter by 17.76 %.
Tax expenses as a percentage of profits increased slightly by 4.04 % compared to last year, with a more notable quarter-on-quarter increase of 2.21 %. Net profit rose by 77.54 % year-on-year but experienced a 28.66 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 77.29 % but a quarterly rise of 29.07 %. In summary, GAIL (India) Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 32848.78 Cr Rs. 32833.24 Cr Rs. 34821.89 Cr + 6.06 % + 6.01 %
Expenses Rs. 30188.24 Cr Rs. 28984.6 Cr Rs. 30031.87 Cr + 3.61 % -0.52 %
Operating Profit Rs. 2660.54 Cr Rs. 3848.64 Cr Rs. 4790.02 Cr + 24.46 % + 80.04 %
Net Profit Rs. 1792.99 Cr Rs. 2474.31 Cr Rs. 3183.35 Cr + 28.66 % + 77.54 %
EPS in Rs Rs. 2.73 Rs. 3.75 Rs. 4.84 + 29.07 % + 77.29 %


In reviewing GAIL (India) Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 6.01 % year-on-year growth, however, there was a minor increase of 6.06 % from the previous quarter. Expenses decreased by -0.52 % compared to the previous year, with a 3.61 % increase quarter-on-quarter. Operating Profit surged by 80.04 % annually, and saw a 24.46 % increase from the last quarter.
Net Profit showed yearly increase of 77.54 %, and experienced a 28.66 % increase from the previous quarter. Earnings Per Share (EPS) rose by 77.29 % annually, however rose by 29.07 % compared to the last quarter. In essence, while GAIL (India) Limited exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.

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