GAIL (India) (GAILF) Q2 2025 Earnings Report

GAIL's earnings call reflected a robust first half of FY '25 with record profits and strong marketing margins. However, the second quarter witnessed a decline in gas marketing volumes and financial metrics compared to the first quarter, alongside challenges in LNG sourcing and increased operational expenses.

In the Q2 FY '25 earnings call for GAIL India Limited, the company reported significant financial metrics, including a stand-alone gross turnover of INR 32,814 crores, EBITDA of INR 3,453 crores, and PAT of INR 2,672 crores. On a consolidated basis, GAIL's turnover reached INR 33,861 crores with a PBT of INR 3,470 crores and PAT of INR 2,694 crores. The gas marketing volume for the quarter was 96.60 MMSCMD, while natural gas transmission volume stood at 130.63 MMSCMD. The average capacity utilization was 62%, with LPG transmission throughput at 1,124 TMT and a capacity utilization of 98%. The company incurred CapEx of INR 1,885 crores in Q2 and plans to achieve a marketing margin of at least INR 4,500 crores for the fiscal year, having already earned INR 3,287 crores in the first half of FY '25. Additionally, GAIL targets to increase its gas transmission volume by approximately 10 to 12 MMSCMD year-on-year over the next 2 to 3 years.