GAIL FY2018-19 results

BHEL-Govt MoU

Highest ever

annual PAT of

Rs 6,026 crore

GAIL FY2018-19 Results

Behold mathematics

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 robust performance of Natural Gas Marketing segment duly supported by increase in profit from Natural Gas Transmission, LHC and Petrochemicals segments. The significant achivement is as a result of efforts through various initiatives taking forward the company's gas journey which is now paying significant return

- Mr B C Tripathi, GAIL CMD

GAIL FY 2018-19 results GAIL FY 2018-19 results

Wind: 7km/h SSE; Ther: 21°C; Hum: 82%
Gross Margin up by 25 % to Rs 10,774 crore,
EPS up by 30% , recommends 1;1 bonus
Thesynergyonline Corporate Bureau

Mr B C Tripathi, GAIL CMD with directors addressing mediapersons
on company's financial performance in FY 2018-19 in
News Delhi on Monday
PAT up by 30 % and PBT up by 31 % to Rs. 9,085 crore

on year-on-year basis

NEW DELHI, MSAY 27 : GAIL (India) recorded its highest ever Profit after Tax (PAT) of Rs 6,026 crore for the Financial Year 2018-19 in its journey of over three decades, a rise of 30 per cent 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 per cent at Rs. 74,808 crore while Profit before Tax (PBT)rose by 31 percent at Rs. 9,085 crore. During the year the company registered 14 per cent growth in Natural Gas Marketing and 2 per cent 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 robust performance of Natural Gas Marketing segment duly supported by increase in profit from Natural Gas Transmission, LHC and Petrochemicals segments.

On quarterly basis

GAIL recorded PAT of Rs. 1,122 crore in Q4 FY 18-19 increased by 10 per cent/span>

On quarterly basis, GAIL recorded PAT of Rs. 1,122 crore in Q4 FY 18-19 increased by 10 per cent 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 per cent, Natural Gas Transmission volumes up by 3 per cent, Petrochemicals sales up by 12 per cent, Liquid Hydrocarbon Sales rising by 4% and LPG Transmission volumes increasing by 4 per cent.

"Doing mathematics should always mean finding patterns and crafting beautiful and meaningful explanations." ― Paul Lockhart, A Mathematician's Lament: How School Cheats Us Out of Our Most Fascinating and Imaginative Art Form

During the year 2018-19, the total consolidated group turnover stood at Rs. 75,912 crore 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, GAIL CMD :

All segments contributed ..

"I think we need more math majors who don't become mathematicians. More math major doctors, more math major high school teachers, more math major CEOs, more math major senators. But we won't get there unless we dump the stereotype that math is only worthwhile for kid geniuses." ― Jordan Ellenberg, How Not to Be Wrong: The Power of Mathematical Thinking

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 kms, 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 build 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."

Mathematics rightly viewed

"There are infinite numbers between 0 and 1. There's .1 and .12 and .112 and an infinite collection of others. Of course, there is a bigger infinite set of numbers between 0 and 2, or between 0 and a million. Some infinities are bigger than other infinities... I cannot tell you how grateful I am for our little infinity. You gave me forever within the numbered days, and I'm grateful." - John Green, The Fault in Our Stars

Mathematics, rightly viewed, possesses not only truth, but supreme beauty, a beauty cold and austere, like that of sculpture, without appeal to any part of our weaker nature, without the gorgeous trappings of painting or music, yet sublimely pure, and capable of a stern perfection such as only the greatest art can show. The true spirit of delight, the exaltation, the sense of being more than Man, which is the touchstone of the highest excellence, is to be found in mathematics as surely as in poetry."

Sovereignty on numbers

"It is all about numbers. It is all about sequence. It's the mathematical logic of being alive. If everything kept to its normal progression, we would live with the sadness--cry and then walk--but what really breaks us cleanest are the losses that happen out of order." - Aimee Bender, An Invisible Sign of My Own

". . . we come astonishingly close to the mystical beliefs of Pythagoras and his followers who attempted to submit all of life to the sovereignty of numbers. Many of our psychologists, sociologists, economists and other latter-day cabalists will have numbers to tell them the truth or they will have nothing. . . . We must remember that Galileo merely said that the language of nature is written in mathematics. He did not say that everything is. And even the truth about nature need not be expressed in mathematics. For most of human history, the language of nature has been the language of myth and ritual. These forms, one might add, had the virtues of leaving nature unthreatened and of encouraging the belief that human beings are part of it. It hardly befits a people who stand ready to blow up the planet to praise themselves too vigorously for having found the true way to talk about nature." ― Neil Postman, Amusing Ourselves to Death: Public Discourse in the Age of Show Business