GAIL (India) Limited recorded its highest ever Profit after Tax (PAT) of Rs 6,026 crore for the financial year 2018-19 in its journey of over three decades. It reported a rise of 30 per cent from Rs 4,618 crore in the last fiscal on the back of better physical performance in all segments and better realisations. The company’s turnover is up by 39 per cent at Rs 74,808 crore while Profit before Tax (PAT) rose by 31 per cent at Rs 9,085 crore.
During the year, the company registered 14 per cent growth in natural gas marketing and 2 per cent growth in natural gas transmission volumes while sales quantity in Petrochemicals, Liquid Hydrocarbons (LHC) and LPG Transmission segment rose by 9 per cent, 4 per cent and 7 per cent respectively. The increase in profit was mainly due to robust performance of natural gas marketing segment duly supported by increase in profit from Natural Gas Transmission, LHC and Petrochemicals segments.
The earning per share is up by 30 per cent from Rs 20.48 to Rs 26.72. The Board has recommended a final dividend of Rs 1.77 per share (subject to approval of shareholders) on paid-up equity (pre bonus issue) making the total dividend for the year to Rs 8.02 per share. B C Tripathi, CMD, GAIL said that all segments contributed positively to the company’s profit during the year. He added that GAIL has made a record capex of Rs 8,300 crore in the current FY 2018-19, mainly in the on-going pipeline projects of 5,500 kms, adding to a total investment of Rs 32,000 crore in next couple of years.
