GAIL’s Profit after Tax up by 295% for Q1 of FY 2017-18 on quarter-on-quarter basis
PBT Rs. 1,569 crore, up by 81 %; Gross Margin Rs. 2,015 crore, up by 63%
New Delhi, August 10, 2017: GAIL (India) Limited registered 295% increase in Profit after Tax (PAT) in the first quarter of Financial Year 2017-18 vis-à-vis previous quarter Q4 FY17.
GAIL’s Profit before Tax (PBT) for the quarter increased by 81% to Rs. 1,569 crores vis-à-vis Rs. 866 crore in the previous quarter Q4 FY17.
GAIL’s PAT of Rs. 1,026 crore in Q1 FY18 has seen growth of 21% on year-on-year basis (after excluding one-time gains from stake sale in Mahanagar Gas Limited in Q1 FY17 of Rs. 489 crore). This growth has been led by better performance of Gas Transmission & LHC segment, better price realisation in LHC segment & decrease in cost of production and Finance cost.
During the quarter, the Company registered growth in physical performance in LHC Sales, Natural Gas Transmission & LPG Transmission by 16%, 4% & 26% respectively as compared to corresponding period of the previous year.