GAIL records highest ever annual PAT of Rs 6,026 crore

GAIL (India) Limited recorded its highest ever Profit after Tax (PAT) of Rs 6,026 crore for the Financial Year 2018-19 in its journey of over three decades, a rise of 30 % from Rs 4,618 crore in the last fiscal on the back of better physical performance in all segments and better realisations. The Company’s turnover is up by 39% at Rs 74,808 crore while Profit before Tax rose by 31% at Rs 9,085 crore.

During the year, the Company registered 14% growth in Natural Gas Marketing and 2% growth in Natural Gas Transmission volumes while sales quantity in Petrochemicals, Liquid Hydrocarbons (LHC) and LPG Transmission segment rose by 9%, 4% and 7% respectively. The increase in profit was mainly due to robust performance of Natural Gas Marketing segment duly supported by increase in profit from Natural Gas Transmission, LHC and Petrochemicals segments.