GAIL REGISTERS A WHOOPING 180% INCREASE IN PROFIT AFTER TAX ..
GAIL REGISTERS A WHOOPING 180% INCREASE IN PROFIT AFTER TAX IN ITS SECOND QUARTER
PBT Rs. 1,375 crore up, by 151%; Gross Margin Rs. 1,851 crore, up by 61%
New Delhi, November 15, 2016: GAIL (India) Limited registered a 180% increase in Profit after Tax (PAT) in the second quarter of Financial Year 2016-17, boosted by a turnaround in its Petrochemical business and reduction in interest costs. The Company’s PAT for the quarter ending 30th September,2016 rose to Rs. 925 crore from Rs. 330 crore in the corresponding quarter of the last fiscal. GAIL’s Profit before Tax (PBT) for the second quarter increased by 151% to Rs. 1,375 crores against Rs. 548 crore in the corresponding quarter of the last fiscal.
On half yearly basis, GAIL’s PAT (excluding gain from stake sale in Mahanagar Gas Limited) is Rs 1,771 crore, signifying an increase by 146%.
