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:

Vikas Ecotech updates on promoter share sale

PVR opens screen at Maruti Solaris Mall in Anand ,Gujrat

SPML Infra Ltd. wins Rs. 475 million arbitration award against Jharkhand Urja Utpadan Nigam Ltd.

Siemens Ltd Board Recommends Dividend of Rs. 7 for 2018

HDFC disburses over Rs 1,100 crs subsidy to 51,000 first time home buyers under PMAY Scheme

YES BANK'S Overall Long-term Rating of 'ICRA AA+' Retained by ICRA Ratings

Seamec Ltd announces contract for SEAMEC Princess for 7 days

Rajesh Exports Ltd announces Q2 FY19 results

Gravita India Limited revenue up by 30% to 292.72 crores in Q2 FY19

MRPL H1 FY'19: Net Profit INR 281 crore and GRM of 6.29 $/bbl against 6.30 $/bbl on HoH

Polyplex Corporation Ltd Board declares Interim Dividend of Rs. 10 for 2018-19

Astral Poly Technik Ltd Board declares Interim Dividend of Rs. 0.30 for 2018-19

Sandur Manganese & Iron Ores Ltd board declares interim dividend of Rs. 3.5 for 2018-19

Renascent Power Signs SPA to acquire 75.01% stake in Prayagraj Power Generation Company Limited

Siemens Ltd. announces Q4 FY 2018 results

G G Automotive Gears Ltd Q2 PAT higher at Rs. 1.04 crore

Dhabriya Polywood Ltd Q2 net profit drops to Rs. 1.43 crore

Rama Paper Mills Ltd Q2 net profit jumps to Rs. 2.72 crores

GPT Infraprojects Ltd Q2 consolidated net profit falls to Rs. 2.86 crore

Rajesh Exports Ltd Q2 net profit at Rs. 31.48 crores

Urbanknitt Fabs Ltd posts consolidated Q2 net profit of Rs. 0.15 crore

Gravita India Ltd Q2 FY19 consolidated PAT slides to Rs. 6.37 crores

RTS Power Corporation Ltd Q2 net profit higher at Rs. 1.29 crore

Sreeleathers Ltd Q2 net profit climbs to Rs. 13.67 crores

GSL Nova Petrochemicals Ltd Q2 net profit climbs to Rs. 3.62 crores

Vallabh Steels Ltd Q2 net profit up at Rs. 0.20 crore

Vedavaag Systems Ltd Q2 net profit at Rs. 2.47 crores

Reliance Infrastructure Ltd Q2 net profit at Rs. 277.19 crores

Mansi Finance Chennai Ltd Q2 PAT climbs to Rs. 3.28 crores

Rohit Ferro-Tech Ltd Q2 FY19 loss at Rs. 38.33 crores

Genesys International Corporation Ltd Q2 net profit declines to Rs. 2.35 crores

Kanishk Steel Industries Ltd up at Rs. 1.01 crore

Mount Shivalik Industries Ltd posts loss of Rs. 1.97 crore

Ruttonsha International Rectifier Ltd posts five-fold rise in net profit during Q2 FY19

Confidence Petroleum India Ltd Q2 consolidated PAT higher at Rs. 16.20 crores

NBCC India Ltd reports net profit of Rs. 72.76 crores in Q2 FY19

Freshtrop Fruits Ltd Q2 PAT at Rs. 1.25 crore

Chordia Food Products Ltd Q2 net profit drops to Rs. 0.72 crore

B C Power Controls Ltd posts lower Q2 FY19 PAT of Rs. 0.64 crore

Kridhan Infra Ltd H1 FY2019 consolidated PAT slips to Rs. 29.01 crores

Chaman Lal Setia Exports Ltd Q2 FY19 PAT slides to Rs. 7.71 crores

Prakash Constrowell Ltd Q2 net profit lower at Rs. 1.05 crore

Dynamatic Technologies Ltd consolidated Q2 net profit higher at Rs. 8.32 crores

Modern Insulators Ltd Q2 net profit jumps to Rs. 6.34 crores

Kerala Ayurveda Ltd posts PAT of Rs. 0.68 crore in Q2 FY19

Mitsu Chem Plast Ltd reports H1 Net Profit of Rs. 1.39 crore

Career Point Ltd announces Q2 FY19 results

HCL Technologies celebrates 10 years of success in the Nordics

NLC India Ltd announces results for the period ended Sept 30, 2018

Bharat Road Network reports revenue growth of 121% in H1 FY19







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

disclaimer copyright © 2005 - 2018