GAIL Q1 PAT up 15% at Rs 1,288 crore on q-o-q basis

PBT Rs 1,981 crore up by 14%

NEW DELHI, AUGUST 09 : GAIL (India) registered a 15 per cent increase in Profit after Tax (PAT) in the first quarter of FY 2019-20 as against the last quarter of FY 2018-19 due mainly to better financial performance by Gas Marketing, Gas Transmission Segments and Liquid Hydrocarbon segment. The company's PAT for the quarter ending 30th June 2019 is Rs. 1,288 crore as compared to Rs. 1,122 crore in Q4 FY 2018-19.

On year on year basis, GAIL's PAT of Rs 1,288 crore in Q1 FY 2019-20 registered a growth of 2 per cent as against profit of Rs 1,259 crore in corresponding quarter of FY 2018-19.

Gross sales of Rs 18,276 crore in Q1 FY 2019-20 has increased by 6 per cent from Rs 17,262 crore in Q1 FY 2018-19. Gross Margin (EBITDA) has seen growth of 2 per cent from Rs 2,363 crore in Q1 FY 2018-19 to Rs 2,410 crore in Q1 FY 2019-20.

The profit before tax (PBT) of Rs 1,981 crore in Q1 FY 2019-20 is up by 2% from Rs 1,940 crore in Q1 FY 2018-19.

Dr. Ashutosh Karnatak, Chairman & Managing Director, GAIL said the increase in net profit in Q1 FY 2019-20 was supported by better financial performance in Natural Gas Marketing and Transmission segments which outshone a muted performance in Petrochemicals.

On consolidated basis, Gross Sales of Rs 18,445 crore in Q1 FY 2019-20 has increased by 5% from Rs 17,536 crore in Q1 FY 2018-19. PAT of Rs 1,504 crore in Q1 FY 2019-20 is up by 4% from Rs 1,443 crore in Q1 FY 2018-19.