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

Careless whispers and the impossible trinity

Time can never mend, the careless whispers of …    As the RBI marches ahead, for the upcoming monetary policy meeting this June, whispers from the corridors echo around several policy options to defend the rupee – by deploying forex reserves, raising in

Bullet Train Project: Third mountain tunnel breakthrough achieved

A major engineering milestone has been achieved in the Mumbai–Ahmedabad Bullet Train Project with the successful breakthrough of the third mountain tunnel (MT-07) at Ambesari village in Dahanu Taluka of Palghar district, Maharashtra.   With this achievement, three mountain

Supreme Court gets five new judges

Five new judges were appointed to the Supreme Court of India on Monday. "Vide Notifications of even number dated 01.06.2026, in exercise of the powers conferred by clause (2) of Article 124 of the Constitution of India, the Hon’ble President of India is pleased to appoint (i) Shri

Astonishing breadth and depth of ancient Indian knowledge systems

The Greatest Books of Ancient India: Incredible Ideas about Science, Music, Maths, Art and More By Dr. Pradeep Chakravarthy and Dr. R. Thiagarajan Hachette India, 208 pages, Rs 399  

Strong El Nino threat over India`s monsoon, food & water security

India is heading into the southwest monsoon season this year under the shadow of a rapidly strengthening El Nino, with meteorologists warning that the climate phenomenon could significantly disrupt rainfall patterns, intensify heat stress and place additional pressure on the country’s agriculture-d

How corporates can nudge real change

The Business Of Business Is (Not) Just Business: How Behavioural Tools Can Drive Real Change Edited by Sutapa Banerjee, with Foreword by Nadir Godrej HarperCollins, 336 pages, Rs 699  





Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter