GAIL in Q3FY19

GAIL Q3FY19 results
GAIL Q3 FY19 PAT at Rs 1,681 crore,
up by 33% on year - on-year basis
Thesynergyonline Corporate Bureau
PBT Rs 2,507 crore up by 35%; Gross Margin Rs. 2,894 crore up by 27%

Revved up mainly by the better performance of Natural Gas (NG) Marketing, NG Transmission, Liquid Hydrocarbon (LHC) and LPG Transmission Segments

NEW DELHI, FEBRUARY 05 : GAIL (India) registered a 33 per cent increase in Profit after Tax (PAT) in the third quarter of Financial Year 2018-19 as against the corresponding quarter in the last fiscal mainly due to better performance by Natural Gas (NG) Marketing, NG Transmission, Liquid Hydrocarbon (LHC) and LPG Transmission Segments.
The increase in net profit in Q3 FY 2018-19 on year- on- year basis, was supported by increase in Natural Gas Marketing volumes by 9 per cent, LPG Transmission volumes by 11per cent and Liquid Hydrocarbon Sales by 5 per cent.

On 9-month basis

On nine months basis, GAIL's PAT is Rs. 4,903 crore, signifying an increase by 36% against corresponding period of FY 2017-18.

Exposure and experience is all, what counts.
GAIL Q3FY19 results

GAIL's petrochemical unit at Pata has scripted history by being the first in India to produce the value added Metellocene film grade. Countrywide sales have commenced to quality conscious customers after successful field trials.

Mr B C Tripathi

CMD , GAIL India
Mr B C Tripathi, Chairman & Managing Director, GAIL said :

"In the third quarter, the LHC segments performed remarkably better than the last quarter due to better margin in the segment. However the margins in Natural Gas Trading and Petrochemical segments were under pressure in the quarter. Further on nine month basis, the PAT of the company has already surpassed the yearly PAT of the last fiscal supported by better physical performance in all the business segments."

This move of GAIL would not just provide domestic consumers of a reliable and indigenous supply source but shall help potential forex savings of over USD 100 million annually for India, as per initial estimates.

It is always along the side of us...on the inside, looking out.

"Customer-centric enterprise vision, strategy, and governance model should enforce the alignment of the various silos towards customer-centric products and delivery mechanisms." ― Pearl Zhu, Quality Master

Capital expenditure outlay

expected to be achieved

He said GAIL is expected to achieve capital expenditure outlay of around Rs 7,000 crore in 2018-19 which is more than 70 per cent increase from last year. The first phase of prestigious Pradhan Mantri Urja Ganga project will be completed by the end of this month.

Interim dividend of Rs 6.25 per equity share

For the financial year 2018-19.

The company had also declared an interim dividend of Rs 6.25 per equity share (face value of Rs. 10 each) for the financial year FY 2018-19.