Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

GAIL India Ltd announces Q2, H1 FY19 results

Posted On: 2018-11-07 12:54:32

GAIL (India) Limited registered a 50% increase in Profit after Tax (PAT) in the second quarter of Financial Year 2018-19, as against the corresponding quarter in last fiscal mainly due to better performance by Natural Gas Marketing, Liquid Hydrocarbon (LHC) and Petrochemicals Segments. The Company's PAT for the quarter ending 30th September, 2018 rose to Rs. 1,963 crore from Rs. 1,310 crore in the corresponding quarter of the last fiscal. GAIL's Profit before Tax (PBT) for the second quarter increased by 50% to Rs. 2,897 crore against Rs. 1,927 crore in the corresponding quarter of the last fiscal.

The increase in net profit in 02 FY 2018-19, on year on year basis, was supported by increase in Natural Gas Marketing volumes by 14%, LPG Transmission by 11%, Petrochemicals Sales by 4% & Liquid Hydrocarbon Sales by 1%.

The current quarter includes effect of upward tariff revision of Rs 194 crore approved by PNGRB w.e.f. 01.04.2018 for Dahej - Uran - Dabhol - Panvel Pipeline, Dukli Maharajganj, Agartala Regional Network and Gujarat Regional Network and a one-time take or pay settlement of Rs 133 crore with one of the Natural Gas Customer. A one-time charge has been made in the current quarter for RS208 crore towards increase in gratuity ceiling from Rs 10 lacs to Rs 20 lacs per employee.

GAIL's PAT in the second quarter of FY 2018-19 rose by 56% vis-a-vis the first quarter of current financial year, from Rs. 1,259 crore to Rs. 1,963 crore largely on account of better realizations in Natural Gas Marketing, Natural Gas Transmission and LHC segment. The better performance of Natural Gas Transmission segment is supported by upward revision of transmission tariff by PNGRB of some of the pipeline network.

Shri B. C. Tripathi, Chairman & Managing Director, GAIL said that in the second quarter, the Gas Marketing and LHC Segments performed better than the last quarter due to better margin in the segments. The Petrochemical segment has shown marked improvement in terms of physical volume growth though margin was under pressure due to increase in input cost primarily due to increase in crude price and adverse exchange rate.

He added that GAIL Gas Ltd, 100% subsidiary of GAIL and its JV's have participated in 9'h round of CGD bidding and won in 14 Geographical Areas (GAs).

During the quarter, Company received favourable judgement from Hon'ble Gujarat High Court in respect of long pending Central Sales Tax Demand of Rs. 4,962 crore on Natural Gas stocktransferred from Gujarat to other States.

On half yearly basis, GAIL's PAT is Rs. 3,222 crore, signifying an increase by 38% against H1 2017-18.

Shares of GAIL (INDIA) LTD. was last trading in BSE at Rs.374.05 as compared to the previous close of Rs. 371.3. The total number of shares traded during the day was 194061 in over 3485 trades.

The stock hit an intraday high of Rs. 381.95 and intraday low of 370.75. The net turnover during the day was Rs. 73014006.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

AXIS Bank reports PAT of Rs. 1505.06 crores in Q4 FY 2018-19

GHCL Ltd reports Q4 net profit climbs to Rs. 118.55 crore

Cyient Ltd reports consolidated PAT of Rs. 176 crores in Q4 FY19

Oriental Hotels Ltd posts loss in Q4 FY19

Mahindra Logistics Ltd board to announce dividend, FY 19 results on May 7, 2019

Nestle India Ltd board declares dividend of Rs. 23

Wendt India Ltd board recommends final dividend of Rs. 15

Oriental Hotels Ltd approves fund raising proposal

Maruti Suzuki India Ltd Board recommends Final Dividend of Rs. 80 for 2018-19

Bank of Baroda approves fresh issue of Rs. 5042 crore to Government of India

Cyient Ltd Board approves Dividend of Rs. 10

TV Today Network Ltd board to announce Q4, FY19 results on May 20, 2019

GHCL Ltd Board recommends Dividend of Rs. 5 for 2018-19

Capri Global Capital Limited board to consider dividend, Q4, FY19 results on May 3, 2019

Lakshmi Electrical Control Systems Ltd board to approve dividend, Q4, FY19 results on May 29, 2019

Oriental Hotels Ltd board recommends dividend of Rs. 0.50 for 2018-19

Artson Engineering Ltd board to announce fourth quarter, FY19 results on May 8, 2019

Hindustan Copper Ltd approves fund raising of Rs. 1400 crore

Vardhman Special Steels Ltd calls for board meeting on May 4, 2019

SBI board to announce Q4, FY19 results on May 10, 2019

Indiabulls Ventures Ltd Board declares Interim Dividend of Rs. 1 for 2019-20

Maruti Suzuki India Ltd announces financial results for Q4 and full year FY 2018-19

Shree Renuka Sugars Ltd board to announce Q4, FY19 results on May 8, 2019

Vipul Ltd Board to consider Dividend on May 30, 2019

PTL Enterprises Ltd board to consider final dividend, Q4, FY19 results on May 9, 2019

Borosil Glass Works Ltd calls for board meeting on May 13, 2019

Gujarat Pipavav Port Ltd board to announce FY19 results on May 15, 2019

Gujarat Borosil Ltd board to approve Q4, FY19 results on May 7, 2019

Reliance Nippon Life Insurance Company Ltd announces FY19 results

Diamines & Chemicals Ltd board to approve dividend, Q4, FY19 results on May 8, 2019

Lloyds Metals and Energy Ltd reports QoQ jump in PAT to Rs. 7.82 crore

Wendt India Ltd Q4 profit plunges

Indiabulls Ventures Ltd Q4 consolidated PAT at Rs. 111.41 crore

Maruti Suzuki India Ltd posts lower net profit of Rs. 7650.6 crore in FY 2018-19

CRISIL ratings on the bank facilities of Balrampur Chini Mills Limited

Aditya Birla Money Ltd reports net profit of Rs. 9.99 crore in FY 2018-19

Zydus receives final approval from the USFDA for Leflunomide Tablets USP

Trigyn Technologies Limited updates on contract with UN

L&T Finance Holdings partners with Apis Partners for investment in L&T IDF

Blue Dart Express Ltd Board to consider FY19 results & Dividend on May 16, 2019

Rishiroop Ltd calls for board meeting on May 11, 2019

Hatsun Agro Product Ltd board to announce dividend, FY19 results on May 2, 2019

ICRA Ltd board to consider Q4, FY19 results on May 9, 2019

Pitti Engineering Ltd board to approve Q4, FY19 results on May 6, 2019

Vodafone Idea Ltd rights issues collects more than Rs. 25000 crore

Mold-Tek Packaging Ltd fixes May 10, 2019 as record date for interim dividend

Syngene International Ltd Board recommends issue of 1:1 Bonus Shares

Bharti Infratel Ltd Fixes May 8, 2019 as Record Date for Second Interim Dividend

Speedcast Brings Seamless Connectivity to Indian Waters with Nelco Partnership

Mahindra & Mahindra Ltd Board to consider Dividend and Audited Financial Results for FY 19







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019