A state-owned gas giant just posted a 96% profit jump — and the market noticed instantly.
GAIL (India) reported a net profit of ₹4,671 crore for the June quarter.
That's nearly double what it made a year ago.
Here's the number that's turning heads:
👉 Profit up 96.1% YoY, from ₹2,382 crore to ₹4,671 crore.
👉 And up a jaw-dropping 215% from the previous quarter alone.
Revenue wasn't shabby either — up 16.7% YoY to ₹41,350 crore.
So what actually powered this?
Not one lucky segment. Almost the whole business fired at once.
Margins told their own story.
EBITDA nearly doubled to ₹7,098 crore, and margins expanded by 710 basis points to 17.65%.
That's not just more revenue — that's more efficient revenue.
Shares jumped as much as 4%, touching ₹180.80 — an eight-month high.
July alone has been a 4.3% gain, marking a fourth straight month in the green.
Rewind to March.
The stock was languishing at ₹134.
From there, it's up 35% — wiping out five months of losses in one clean run.
But here's the twist: it's still 26% below its all-time high of ₹245.
So the comeback story isn't finished yet.
A state-run utility, often written off as a slow-moving PSU, just delivered one of its sharpest earnings beats in recent memory.
Gas marketing carried it. Margins backed it. The Street rewarded it instantly.
Sometimes the loudest AI headlines aren't the only ones worth watching — old-economy energy plays can still spring the biggest surprises.
That's all for now!
