GAIL Q2 results

H1 PAT at Rs. 2,352 crore

The physical performance improves
in petrochem, LPG transmission

GAIL CMD Dr Ashutosh Karnatak

Thesynergyonline Corporate Bureau

NEW DELHI, NOVEMBER 08 : GAIL (India) registered a Profit after Tax (PAT) of Rs. 1,064 crore in the second quarter of fiscal 2019-20 (Q2 FY20) as against Rs. 1,288 crore in the Q1 FY20. Profit Before Tax (PBT) remains at Rs. 1,535 crore in Q2 FY20 as against Rs 1,981 crore in Q1 FY20.

Physical performance

The improved physical performance in the current quarter helped company in maintaining its Gross Turnover at Rs. 18,010 crore as against Rs.18,276 crore in Q1 FY20. The physical performance has improved in Petrochem, LPG transmission, LHC and Gas transmission segments by 59 per cent, 21 per cent, 11 per cent and 3 per cent respectively as compared to Q1 of FY20.

Petrochemicals and LHC prices

The market prices of Petrochemicals and LHC declined by 8 per cent and 25 per cent respectively coupled with lower gas prices in international market which adversely impacted the profits of the company in the Q2 as compared to Q1 FY20.

H1 turnover

On half yearly basis, GAIL's gross turnover remains at Rs. 36,286 crore in HI 2019-20 as against Rs. 36,358 crore in FY 2018-19. PAT is Rs. 2,352 crore in current half year as against Rs.3,222 crore in H1 2018-19. On consolidated basis, Gross Sales stood at Rs 36,662 crore in H1 FY20 as against Rs 36,708 crore in H1 FY19. PAT was Rs 2,671 crore in H1 FY20 as against Rs 3,232 crore in H1 FY19. .

GAIL Q2 FY20 results

Operational efficiency

"Company's physical performance in Q2 FY20 has been better due to operational efficiency as against Q1 FY20.

Further, volume of gas transmission is also showing upward trend in a direction to create gas based economy in the country.

However, lower prices of Petrochemicals and Liquid Hydrocarbon (LHC), which are determined by international prices, have impacted the profit adversely, stated Dr Ashutosh Karnatak, CMD , GAIL