GAIL’s Profit after Tax Rs. 1,310 crore, up by 42% for Q2 of FY 2017-18
GAIL (India) Limited registered a 42% increase in Profit after Tax (PAT) in the second quarter of Financial Year 2017-18, as against the corresponding quarter in last fiscal mainly due to better performance by Liquid Hydrocarbon (LHC) and NG Transmission & Marketing Segments. The Company’s PAT for the quarter ending September 30, 2017 rose to Rs. 1,310 crore from Rs. 925 crore in the corresponding quarter of the last fiscal. GAIL’s Profit before Tax (PBT) for the second quarter increased by 40% to Rs. 1,927 crore against Rs. 1,375 crore in the corresponding quarter of the last fiscal.
All the segments have registered positive physical growth both sequentially and on year-on-year basis.
The increase in net profit in Q2 FY 2017-18 on year-on-year basis, was supported by increase in Natural Gas Transmission & Marketing volumes by 5% each, LPG Transmission by 11%, Petrochemicals Sales by 29% & Liquid Hydrocarbon Sales by 17%.