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GAIL Q2FY 21 PAT at Rs 1,239 crore

Records 13 % increase in turnover to Rs. 13,611 crore

GAIL Q2FY21 results
  • Mr. Manoj JainGAIL CMD said
  • Physical and financial performanceof the compsany
  • Petrochemical businessof the company has seen major turnaround
  • On Quarter-to-Quarter basis
  • On half-yearly basis
  • In Q2FY21 the group's
  • The company's plants and pipelines have achieved pre-COVID level of performance.
  • The Physical Performance improved by 18% in Natural Gas Transmission, 9% in Gas Marketing, 10% in LPG Transmission, 22% in Petrochemical Sales and 12% in Liquid Hydrocarbon Sales.
  • The plant is operating back to normal levels with jump in production by 65% to 221 TMT
  • The PBT has increased to Rs. 1,551 crore in Q2 FY21
  • GAIL recorded turnover of Rs. 25,671 crore in H1 FY21
  • Consolidated turnover stood at Rs. 13,774 crore while the group's PAT stood at Rs. 1,068 crorel never regret it. Already planning another flight but going with the Baloon next time.
GAIL Q2FY21 results Tufte CSS

Thesynergyonline Corporate Bureau

NEW DELHI, NOVEMBER 10 : GAIL (India) Limited recorded 13 percent increase in turnover to Rs 13,611 crore vis-a-vis Rs 12,060 crore in Q1 FY21 while Profit before Tax (PBT) increased to Rs 1,551 crore as against Rs. 356 crore in Q1 FY21. The Profit after Tax (PAT) increased to Rs 1,239 crore in Q2 vis-a-vis Rs. 256 crore in Q1 FY21.

Both physical as well as financial performance of the company improved across all major segments in Q2. After relaxations in the lockdown imposed due to pandemic COVID-19 in Q1 and with the resumption of economic activities, the volumes picked up in all segments of the company to normal levels in Q2 FY21 resulting in increase in the profit as compared to Q1 FY21. The Physical Performance improved by 18 per cent in Natural Gas Transmission, 9 per cent in Gas Marketing, 10 per cent in LPG Transmission, 22 per cent in Petrochemical Sales and 12 per cent in Liquid Hydrocarbon Sales.

Petrochemical business

GAIL's Petrochemical business has seen a major turnaround. The plant is operating back to normal levels with jump in production by 65 per cent to 221 TMT as against 134 TMT in Q1 of FY21. On account of better physical performance and price realization, the profitability of the segment has reached Rs. 170 crore during Q2 FY21.

PBT on quarter- to- quarter_basis

On Quarter-to-Quarter basis, the PBT has increased to Rs. 1,551 crore in Q2 FY21 from Rs 1,535 crore in Q2 FY20 and PAT has increased to Rs. 1,239 crore from Rs. 1,064 crore

The company's plants and pipelines have achieved pre-COVID level of performance. He further added that though the Capex during the 1st quarter was affected due to lockdown, GAIL has moved swiftly to make up for the lost time and is trying to accelerate the progress in its ongoing projects

On half yearly basis

On half-yearly basis, GAIL recorded turnover of Rs. 25,671 crore in H1 FY21 as against Rs 36,286 crore in H1 FY20 and PAT of Rs. 1,495 crore in current half year as against Rs. 2,352 crore in H1 FY20.

In the quarter, the group's consolidated turnover stood at Rs. 13,774 crore as against Rs. 12,152 crore in Q1 FY21 while the group's PAT stood at Rs. 1,068 crore as against Rs 643 crore in Q1 FY21 Consolidated turnover