Guwahati: GAIL (India) Ltd experienced significant growth in operations by 62 percent in FY22 to Rs. 91,646 crore, up from Rs. 56,738 crore in FY21.

GAIL (India) Limited is India's major natural gas firm, having diverse interests in trading, transmission, LPG production and transmission, LNG re-gasification, petrochemicals, city gas, E&P, and other areas.

GAIL India Ltd had a 113 percent increase in Profit before Tax (PBT) of Rs. 13,590 in FY 22 crore. Profit after tax (PAT) surged by 112% to Rs. 10,364 crore in FY22, owing mostly to increased gas marketing and transmission volume, improved gas marketing spread, and higher product pricing.

The company's income from operations for the quarter ended March 31st jumped by 73 percent to Rs. 26,968 crore, up from Rs. 15,549 crore in the same time the previous year. PBT increased by 36% to Rs. 3,546 crore in Q4 FY22, compared to Rs. 2,612 crore in Q4 FY21. PAT grew by 41% to Rs. 2,683 crore in Q4 FY22, compared to Rs. 1,908 crore in Q4 FY21, owing to improved gas marketing spread and lower product pricing.

In FY 22, GAIL Group generated annual revenue from operations, PBT, and PAT of Rs. 92,874 crore, Rs. 15,464 crore, and Rs. 12,256 crore, respectively, an increase of 62%, 100%, and 100% over FY 21. The quarterly revenue from operations, PBT, and PAT attained in Q4 FY22 is Rs. 27,328 crore, Rs. 4,375 crore, and Rs. 3,454 crore, respectively, increasing 73%, 36%, and 39% from Q4 FY21.

Mr. Manoj Jain, CMD GAIL, stated that this is the company's highest yearly financial performance in all three categories in its history. GAIL has invested Rs. 7,738 crore on capital expenditures, mostly on pipelines, petrochemicals, equity in joint ventures, and so forth.

GAIL has paid a dividend of Rs. 3,996 crore (at Rs. 9 per share), and the GAIL Board has recommended a final dividend of Rs.1/share, pending shareholder approval, bringing the total dividend for the fiscal year 2021-22 to Rs. 4,440 crore, the largest ever paid by GAIL. In addition, a Rs. 1,083 crore share buyback has already been approved.