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GAIL Q2 PAT up 42% at Rs
Rs 1,310 crore on y-o-y basis
Thesynergyonline Corporate Bureau
PAT at Rs. 1,310 crore

up by by a 42 %

NEW DELHI, NOVEMBER 14 : GAIL (India) registered a 42 per cent increase in profit after tax (PAT) in the second quarter of  the financial year 2017-18, as against the corresponding quarter in last fiscal mainly due to better performance by liquid hydrocarbon (LHC) and NG transmission and marketing segments.

The company’s PAT for the quarter ended September 30, 2017 rose to Rs. 1,310 crore from Rs. 925 crore in the corresponding quarter of the last fiscal.

 

Q2 PBT at Rs 1,927 crore

up by 40 %

 GAIL’s profit before tax (PBT) for the second quarter increased by 40 per cent to Rs. 1,927 crore as against Rs. 1,375 crore in

B C Tripathi, GAIL CMD
the corresponding quarter of the last fiscal.

.
Net profit risedriven by increase in natural gas transmission and marketing volumes by 5 % each,
The increase in net profit in Q2 FY 2017-18 on year-on-year basis, was supported by increase in Natural Gas Transmission & Marketing volumes by 5 per cent each, LPG Transmission by 11 per cent, petrochemicals sales by 29 per cent and liquid hydrocarbon sales by 17 per cent.

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On half yearly basis, GAIL’s PAT is Rs. 2,335 crore, signifying,  an increase by 32 per cent against H1 16-17 after excluding gain from stake sale in Mahanagar Gas Limited. Q2FY'18 PAT up by 28 %GAIL’s PAT in the second quarter of FY 2017-18 rose by 28 per cent vis-à-vis the first quarter of current financial year, from Rs. 1,026 crore to Rs. 1,310 crore largely on account of better performance in natural gas transmission and natural gas marketing segment

The strong performance in natural gas transmission and marketing is supported by increase in sales volumes in these segments.