Q3FY20
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GAIL Q3FY20 results

Growthin profit

The company had been able to achieve growth in profit in Q3 FY20 despite significant decline in Petrochemicals prices. This has been due to better operational efficiency and physical performance in comparison to Q2 FY20 accompanied with an increased capacity utilisation of the petrochemical unit at Pata, over 100 per cent. GAIL is in step with the Government of India's vision of expanding the share of natural gas to 15 per cent in the energy basket of India by working relentlessly in reshaping the gas economy of the country.

- Dr Ashutosh Karnatak, GAIL CMD
GAIL Q3FY20 results Newspaper Style Design Experiment
Gross Margin Rs 2,385 crore , up by 19 %
Thesynergyonline Corporate Bureau
Rise in profit

The rise in profit is mainly due to better physical performance, better margins in Gas Marketing and LHC.

NEW DELHI, FEBRUARY 10 :
GAIL (India) Limited registered 18 per cent growth in Profit after Tax (PAT) in Q3 of FY20 to Rs. 1,251 crore as against Rs. 1,064 crore in Q2 FY20. Profit before Tax (PBT) witnessed growth of 22 per cent at Rs 1,872 crore and Gross Margin witnessed growth of 19% at Rs. 2,385 crore.

Turnover maintained

at Rs. 17,735 crore

The company's turnover in the quarter was maintained at Rs. 17,735 crore as against Rs.18,010 crore in Q2 FY20 with volume growth mainly in Gas transmission, Gas Trading, LPG transmission, and LHC businesses neutralizing the drag in prices of Petrochemicals and Natural Gas.

9-month period

Gross Sales at Rs 54,021 crore

In the nine- month period ended December 2019, Gross Sales of Rs 54,021 crore was recorded as against Rs 56,101 crore in the corresponding period of last year. PBT stood at Rs 5,388 crore as against Rs 7,345 crore and PAT at Rs. 3,602 crore against Rs. 4,903 crore., PBT and PAT witnessed fall of 27 per cent mainly due to reduction in Petrochemical and LHC prices by around 22% and 17% respectively.

On a consolidated basis On a consolidated basis, Gross Sales stood at Rs 54,525 crore upto Q3 FY20 as against Rs 56,892 crore upto Q3 FY19. PAT was Rs 4,701 crore upto Q3 FY20 as compared to Rs 5,029 crore upto Q3 FY19.