GAIL records highest ever Annual PAT of Rs 4,618 cr in FY 2017
GAIL (India) Limited recorded its highest ever Profit after Tax of Rs 4,618 crore for the Financial Year 2017-18 in its journey of over three decades, a rise of 32 % from Rs 3,503 crore in the last fiscal on the back of strong physical performance in all segments. The Company’s turnover was up by 10% at 53,690 crore while Profit Before Tax rose by 29% at Rs. 6,958 crore.
During the year, the Company registered 5% growth in Natural Gas Marketing as well as in Natural Gas Transmission volumes while sales quantity in Petrochemicals, LHC and LPG Transmission segment rose by 17%, 15% and 11% respectively. The increased profit was mainly supported by profit from liquid hydrocarbons and natural gas transmission segments. High sales volumes in Petrochemical segment helped to mitigate the lower price realizations and higher input costs.
During FY18, GAIL issued Bonus share in ratio of one bonus share for every three equity shares held. The Board has recommended a final dividend of Rs. 1.44 /share on post bonus enhanced equity (subject to approval of shareholders) making the total dividend of Rs 7.18 per share on post bonus enhanced equity for the year. The earning per share is also up by 32% to Rs. 20.48/share on increased paid-up equity.