GAIL records highest ever Annual PAT of Rs 4,618 cr

By Sarkaritel May 24, 2018 19:23

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New Delhi, May 24, 2018: GAIL (India) Limited recorded its highest ever Profit after Tax of Rs 4,618 crore for the Financial Year 2017-18 in its journey of over three decades, a rise of 32 % from Rs 3,503 crore in the last fiscal on the back of strong physical performance in all segments. The Company’s turnover was up by 10% at 53,690 crore while Profit Before Tax rose by 29% at Rs. 6,958 crore.

During the year, the Company registered 5% growth in Natural Gas Marketing as well as in Natural Gas Transmission volumes while sales quantity in Petrochemicals, LHC and LPG Transmission segment rose by 17%, 15% and 11% respectively. The increased profit was mainly supported by profit from liquid hydrocarbons and natural gas transmission segments. High sales volumes in Petrochemical segment helped to mitigate the lower price realizations and higher input costs.