Free Press Journal

GAIL posts 23% rise in PAT at Rs 1,259 cr

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GAIL (India) registered a 23 per cent increase in profit after tax (PAT) in the first quarter of FY 2018-19 at Rs 1,259 crore as compared to Rs 1,021 crore in the fourth quarter of FY2017-18 mainly on the back of better performance by gas trading and petrochemicals segments. On year on year basis, GAIL’s PAT grew 23 per cent against over Rs 1,026 crore in the corresponding quarter of FY 2017-18. Gross sales of Rs 17,262 crore in the quarter has increased by 50 per cent from Rs 11,540 crore in Q1 FY18. Gross margin (Ebitda) has seen growth of 17 per cent from Rs 2,015 crore in Q1 FY18 to Rs 2,363 crore in Q1 FY19. PBT of Rs 1,940 crore in Q1 FY19 is up by 24 per cent from Rs 1,569 crore in Q1 FY18.