Q1 results: GAIL’s profit after tax up by 15 per cent
GAIL (India) Limited registered a 15 per cent increase in profit after tax (PAT) in the first quarter of 2019-20, as against the last quarter of 2018-19. This is mainly due to the improved performance by the gas marketing and gas transmission segments as well as the liquid hydrocarbon segment. The company’s PAT for the quarter ending June 30 this year is Rs 1,288 crore. In fourth quarter of last year the profit recorded was Rs 1,122 crore.
On year on year basis, GAIL’s PAT of Rs 1,288 crore in the first quarter of 2019-20 registered a growth of 2 per cent against profit of Rs 1,259 crore in corresponding quarter of 2018-19.
