GAIL consolidated profit before tax rises 62% in Q4 to Rs 3,598 crore

State-run GAIL (India) has posted 62 per cent increase in its consolidated profit before tax (PBT) in Q4 of 2019-20 (FY20) ended March to Rs 3,598.7 crore, compared to Rs 2,226.8 crore during the same period last year.

The consolidated revenue for the period under review has seen a decline by 6 per cent, from Rs 19,078.3 crore during the January-March quarter of 2018-19 (FY19) to Rs 17,938 crore in the fourth quarter of FY20. For FY20, the consolidated PBT increased 6 per cent from Rs 9,831.19 crore to Rs 10,428.94 crore. Its consolidated revenue from operations stood at Rs 72,567.7 crore, down 5 per cent, from Rs 76,234.1 crore in FY19. Manoj Jain, CMD, GAIL (India), said lower price realisation from key segments — petrochemicals and natural gas — had an impact on its financial numbers. On the other hand, profit was owing to the adoption of a lower tax regime.