GAIL clocks 42% rise in profit after tax in Q2 -Governance Now

GAIL clocks 42% rise in profit after tax in Q2

GAIL’s PAT for the quarter ending September 30 this year increased to Rs 1,310 cr

GN Bureau | November 21, 2017

#GAIL #PSU

GAIL (India) Ltd has registered a 42 percent increase in profit after tax (PAT) in the second quarter of the current fiscal.

The enterprise gave attributed better performance by liquid hydrocarbon (LHC) and natural gas transmission and marketing segments as a reason behind the growth.

GAIL’s PAT for the quarter ending September 30 this year, rose to Rs 1,310 crore from Rs 925 crore in the corresponding quarter of the last fiscal. It’s profit before tax (PBT) for the second quarter increased by 40 percent to Rs 1,927 crore.

All the segments have registered positive physical growth both sequentially and on year-on-year basis.

The increase in net profit in the second quarter of FY 2017-18, was backed by increase in natural gas transmission and marketing volumes by 5 percent each, LPG Transmission by 11 percent, petrochemicals sales by 29 percent and liquid hydrocarbon sales by 17 percent.

On half yearly basis, GAIL’s PAT is Rs 2,335 crore.

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