GAIL (India) Limited recorded 13% increase in turnover to Rs 13,611 crore vis-a-vis Rs 12,060 crore in Q1 FY21 while Profit before Tax (PBT) increased to Rs 1,551 crore as against Rs 356 crore in Q1 FY21. The Profit after Tax (PAT) increased to Rs 1,239 crore in Q2 vis-a-vis Rs 256 crore in Q1 FY21.
Both physical as well as financial performance of the company improved across all major segments in Q2.
After relaxations in the lockdown imposed due to pandemic Covid-19 in Q1 and with the resumption of economic activities, the volumes picked up in all segments of the company to normal levels in Q2 FY21 resulting in increase in the profit as compared to Q1 FY21.
