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.

Comments

 

Other News

Master sculptor recalls the making of the Shankaracharya statue

The Golden Chisel: The Story Behind the Making of Ram Lalla  By Seethalakshmi S. and Rahul Nandan Rupa Publications, 168 pages, Rs 395  

Mumbai’s missing affordable homes

Mumbai’s real estate market keeps growing, yet homeownership remains out of reach for much of its population. Three experts – urban researcher Hussain Indorewala, urban planner Vidyadhar Phatak and developer Kamlesh Thakur of NAREDCO Maharashtra, agree that simply constructing more apartments

Rubio denies US foreknowledge of Starlink restrictions in Ukraine

US secretary of state Marco Rubio has said he was unfamiliar with the Wall Street Journal report suggesting Elon Musk had decided to throttle Starlink services in Ukraine, but rejected claims that Washington had ordered the restrictions to pressure Kyiv.   “There was no

Can AI change India’s breast cancer story?

Breast cancer has become a public-health challenge in India. The greatest opportunity is to find cancers earlier. Artificial intelligence (AI) is opening a new era in breast cancer detection. AI systems can analyse mammograms and other breast-imaging studies, identify subtle abnormalities and assist radi

Farm stability in the time of climate change

Indian agriculture is experiencing significant climate volatility, while the world economy seems to be in a highly volatile situation. Economic indices from various countries show that they need to recalibrate their strategies to withstand economic headwinds. In such a challenging situation, a country li

El Niño threatens India’s Rabi crops

India’s southwest monsoon ended with a 13% rainfall deficit in 2026, its weakest performance in a decade, raising concerns over agricultural production, water security and the upcoming rabi season. With El Niño expected to persist into early 2027, experts warn that declining soil moisture, dep

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter