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.



Other News

Air Pollution: What needs to be done to tame the silent killer

Air pollution in Delhi has been in headlines, as every year in recent times. Mumbai too has suffered from air pollution, despite being a coastal city. Apart from many other metros such as Bangalore and Kolkata, tier-I and -II cities and rural areas also have high pollution levels. Every year reports and st

Free food grains for 81.35 cr beneficiaries for five years

The central government will provide free food grains to about 81.35 crore beneficiaries under the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) for a period of five years with effect from January 1, 2024, the cabinet decided on Wednesday. Terming it as a “historic decision”, a

“I wrote ‘Survival at Stake’ to provide food for thought about solutions”

Survival at Stake: How Our Treatment of Animals Is Key to Human Existence By Poorva Joshipura HarperCollins, 328 pages, Rs 499 With science now recognising animal consciousness, intelligence, emotion, and even morality, there must rise an awareness of

‘Bon Voyage’ through the Arctic: Exploring new horizons for India

India`s tryst with trade through the Arctic regions, including the Northern Sea Routes (NSR), has become an impact-making endeavor recently. The Arctic of yore is now a pivot – point of geopolitics, of climate change discussions, and for economic opportunities; 40% of oil and gas reserves said to be

Demystifying Contemporary Finance Theory and other lessons in investment

Investing Decoded: Simple Path To Building A Portfolio In Millions By Anirudh Rathore Penguin India, 320 pages, Rs 499

Deepfake: India to prepare four-point action plan

Deepfake has emerged as a serious threat to democracy and social institutions across the world. Propagation of deepfake content via social media platforms has aggravated this challenge. Ministry of Electronics and Information Technology (MeitY) has, from time to time, advised social media in

Visionary Talk: Amitabh Gupta, Pune Police Commissioner with Kailashnath Adhikari, MD, Governance Now


Current Issue


Facebook Twitter Google Plus Linkedin Subscribe Newsletter