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GAIL (India) Ltd has registered highest-ever profit in financial year 2018-19

New Delhi: 29/5/19:Union Government-owned GAIL (India) Ltd has registered highest-ever profit in financial year 2018-19.

The country’s biggest transporter and marketer of natural gas reported increase in its net profit by 10 percent in the fourth quarter taking the figure to Rs 1,122 crore and by 30 percent to record Rs 6,026 crore, a rise of 30 % from Rs. 4,618 crore in the last fiscal.

It’s turnover increased by 39% at Rs. 74,808 crore while Profit before Tax (PBT) rose by 31% at Rs. 9,085 crore.

Besides, it registered 14% growth in Natural Gas Marketing and 2% growth in Natural Gas Transmission volumes while sales quantity in Petrochemicals, Liquid Hydrocarbons (LHC) and LPG Transmission segment rose by 9%, 4% and 7% respectively during the year.

The Gross Margin shot up by 25 % taking it to Rs. 10,774 crore.

While the earning per share rose by 30% from Rs. 20.48 to Rs. 26.72, the Board recommended a final dividend of Rs.1.77 per share (subject to approval of shareholders) on paid-up equity (pre bonus issue) making the total dividend for the year to Rs.8.02 per share. The Board also recommended one fully paid-up Bonus share for every one equity shares held (subject to approval of shareholders).

Furthermore, GAIL recorded Profit after Tax (PAT) of Rs. 1,122 crore in Q4 FY 18-19 increased by 10% vis-à-vis the corresponding period in the last fiscal.

“Robust performance in all segments contributed to GAIL’s profit during the year. Gas Marketing, Gas Transmission, LHC and Petrochemicals Segments performed better than the last year due to improved physical performance coupled with better realisations in these segments,” GAIL CMD BC Tripathi said.

 

About Ashok Palit

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.

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