Free Press Journal

GAIL profit after tax rises 23% on better gas trading margins

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New Delhi : State-run GAIL (India) Limited registered a 23 per cent increase in Profit after Tax (PAT) in the first quarter of FY 2018-19, as against the last quarter of FY 2017-18  mainly due to better performance by gas trading and petrochemicals segments.

The company’s PAT for the quarter ending June 30, 2018 was Rs 1,259 crore as compared to Rs. 1,021 crore in Q4 FY 2017-18. On year on year basis, GAIL’s PAT of Rs 1,259 crore in Q1 FY19 registered a growth of 23 per cent against profit of Rs 1,026 crore in corresponding quarter of FY 2017-18. Gross sales of Rs 17,262 crore in Q1 FY19 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% from Rs 1,569 crore in Q1 FY18.

B C Tripathi, CMD, GAIL said, “While all segments contributed positively to the company’s profit, gas trading and petrochemicals segments  performed better than the last quarter due to improved physical performance in gas


trading segment and better margin  in petrochemicals segment.”

He further added that apart from healthy financial growth in the first quarter, the current financial year also saw important agreements entered by the company..