GAIL India expects to source 20-25% of LNG on short-term or spot basis: Report
₹1,793 crore as compared to ₹3,250 crore in the corresponding period last year. The state-run gas distributor’s revenue from operations in Q1FY24 fell 13% to ₹32,848 crore, compared to ₹37,942 crore in the year-ago period.
Read here: GAIL Q1 Results: Net profit falls 45% to ₹1,793 crore, revenue down 13% YoY During April-June 2023 quarter, the natural gas transmission volume grew 7% to 116.33 million metric standard cubic meter per day (MMSCMD) from 108.23 MMSCMD in the March quarter. GAIL's gas marketing volume increased 2% to 98.84 MMSCMD from 96.46 MMSCMD, QoQ.
GAIL India share price has risen more than 30% this year so far. The stock is up over 9% in one week and nearly 19% in the last three months.
On Thursday, GAIL India shares rose 2.28% to hit a 52-week high of ₹127.40 apiece on the BSE. At 11:25 am, GAIL India shares were trading 0.88% higher at ₹125.65 apiece on the BSE.
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