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GAIL records highest ever Annual PAT of Rs. 6,026 crore

GAIL 28 MAY (1)

GAIL (India) Limited recorded its highest ever Profit after Tax of Rs 6,026 crore for the Financial Year 2018-19 in its journey of over three decades, a rise of 30 % 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% at Rs. 74,808 crores while Profit before Tax rose by 31% at Rs. 9,085 crores.

During the year, the Company registered 14% growth in Natural Gas Marketing and 2% growth in Natural Gas Transmission volumes while sales quantity in Petrochemicals, Liquid Hydrocarbons (LHC) and LPG Transmission segment rose by 9%, 4% and 7% respectively. The increase in profit was mainly due to the robust performance of Natural Gas Marketing segment duly supported by an increase in profit from Natural Gas Transmission, LHC and Petrochemicals segments.

The earning per share is up by 30% from Rs. 20.48 to Rs. 26.72. The Board has recommended a final dividend of Rs.1.77 per share (subject to the approval of shareholders) on paid-up equity (pre-bonus issue) making the total dividend for the year to Rs.8.02 per share.

The Board has also recommended one fully paid-up Bonus share for every one equity shares held (subject to the approval of shareholders).

On a quarterly basis, GAIL recorded PAT of Rs. 1,122 crore in Q4 FY 18-19 increased by 10% vis-à-vis the corresponding period in the last fiscal.

During the quarter, the Company registered growth in physical performance in all segments as compared to corresponding period of the previous year with Natural Gas Marketing up by 10%, Natural Gas Transmission volumes up by 3%, Petrochemicals sales up by 12%, Liquid Hydrocarbon Sales rising by 4% and LPG Transmission volumes increasing by 4%.

During the year 2018-19, the total consolidated group turnover stood at Rs. 75,912 crores while the Group PAT was Rs. 6,546 crore. CGD group companies IGL, MGL, GAIL Gas and Petronet LNG continued to add to the group profit. Taking together the impact, Earning per share as per consolidated statement is Rs. 29.03 in FY19 as against Rs. 21.28 per share in the previous year.

Mr B.C.Tripathi, CMD GAIL said that all segments contributed positively to the company’s profit during the year. Gas Marketing, Gas Transmission, LHC and Petrochemicals Segments performed better than the last year due to improved physical performance coupled with better realisations in these segments. GAIL’s PAT has registered consistent growth of over 30% year on year in each of the last three financial years.

CMD GAIL 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 km, adding to a total investment of Rs. 32,000 crore in next couple of years.

GAIL Gas Ltd, 100% subsidiary of GAIL and its JV’s have participated in 9th and 10th rounds of CGD bidding, winning in 15 and 8 Geographical Areas (GAs) respectively. The CGD portfolio will require an Investment of Rs. 12,000 crore.

CMD GAIL further added that “GAIL is fully committed to building the Natural Gas Infrastructure in the country hitherto untouched by Green Fuel till last mile connectivity. Pipeline like other Infrastructure has a long gestation period and GAIL would be borrowing substantially by leveraging its strong Balance Sheet to complete the Natural Gas Infrastructure in the larger National Interest.”

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2 years ago

Natural Gas plays a pivotal role in creating a better environment by producing less carbon dioxide than other fuels, here is a quick facts about the same #happyfuel

View on facebook
2 years ago

Availability of LPG as a cooking fuel is making sure that women are having a better standard of living #6crujjwala
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Dharmendra Pradhan Ministry of Petroleum and Natural Gas, Government of India ... See more

View on facebook
2 years ago
Know how GAIL India Ltd is making cooking a hassle-free and happy experience for the residents of Bhubaneswar by providing uninterrupted supply of PNG as fue

Know how natural gas is making cooking a hassle-free and happy experience for the residents of Bhubaneswar by providing an uninterrupted supply of PNG as fuel #happyfuel
Narendra Modi Dharmendra Pradhan Ministry of Petroleum and Natural Gas, Government of India ... See more

View on facebook
2 years ago
Know how natural gas is making traveling by autorickshaw a comfortable and happy experience for both the auto drivers and commuters of Bhubaneswar by providing CNG as clean and affordable fuel

Know how natural gas is making traveling by autorickshaw a comfortable and happy experience for both the auto drivers and commuters of Bhubaneswar by providing CNG as clean and affordable fuel #happyfuel
Narendra Modi Dharmendra Pradhan Ministry of Petroleum and Natural Gas, Government of India
... See more

View on facebook
2 years ago

This Army Day let's salute the indomitable courage, valor, and determination of the real heroes #IndianArmy

View on facebook
2 years ago
GAIL (India) Ltd. nurtures sport stars of tomorrow

GAIL supports upcoming and established talent in a number of sporting activities and promotes events to unearth country’s best sports talents. One of them is the ‘GAIL Raftaar’ Athletic Talent Hunt which seeks to identify athletes to represent India in the Olympic Games.
PMO India Narendra Modi Dharmendra Pradhan Ministry of Petroleum and Natural Gas, Government of India
... See more

View on facebook
2 years ago
Dharmendra Pradhan

At the foundation stone laying ceremony of Indoor Stadium of Pruthiraj High School, Bolangir.

View on facebook
2 years ago
Indoor stadium to be constructed in Balangir by GAIL (India) Limited

Indoor stadium to be constructed in Balangir by GAIL (India) Limited under its CSR initiative, Ground Breaking is done by Shri Jual Oram, Hon’ble Union Minister of Tribal Affairs and Shri Dharmendra Pradhan, Hon'ble Union Minister of Petroleum & Natural Gas and Skill Development & Entrepreneurship
Ministry of Petroleum and Natural Gas, Government of India
... See more

View on facebook
2 years ago

With the end of the winter solstice and the start of the harvest season across India. Here's wishing you all a Happy and Prosperous Lohri, Makar Sankranti and Pongal

View on facebook
2 years ago

GAIL (India) Ltd pays tribute to the epitome of integrity, honesty and discipline #LalBahadurShastri on his death anniversary #JaiJawanJaiKisan

View on facebook
Load More...

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