GAIL (India) Limited has recorded an impressive growth in its first quarter of the current financial year. The Profit After tax (PAT) has increased by 31 percent to Rs.897 crore in the first quarter of the current financial year as against Rs 685 crore in the corresponding quarter in the previous year. Turnover of the Company (net of Excise Duty) has increased by 35 percent to Rs. 5,731 crore in the first quarter of 2008-09 as against Rs 4,246 crore in the first quarter of the previous financial year. The Profit Before Tax (PBT) has also increased by 40 percent to Rs 1,352 crore in the first quarter of the current financial year as against the Profit Before Tax of Rs 969 crore in the corresponding quarter of the previous year.
GAIL has shared Rs 475 crore including balance Rs.87 Crore relating to Q4 of the FY 2007-08 towards LPG and Kerosene subsidy in the first quarter of the current financial year as compared to a provisional subsidy of Rs 272 crore during the corresponding period the previous year.
During the quarter, revenue from Petrochemicals business have increased by 20 percent to Rs 801 crore as against Rs 666 crore in the corresponding period of last year. The revenues from LPG transmission during the first quarter of the current financial year have decreased by 7 percent to Rs 86 crore as against Rs 92 crore in the corresponding period last year. The revenues from LPG and Liquid Hydrocarbons business during the first quarter of the current financial year have increased by 25 percent to Rs 800 crore as against Rs 640 crore in the corresponding period of last year. The revenues from Natural Gas Trading during the first quarter of the current financial year are Rs 4,119 crore as against Rs 2,956 crore in the corresponding period of the last year. The revenues from Natural Gas Transmission during the first quarter of the current financial year are Rs 621 crore as against Rs 540 crore in the corresponding period the previous year.
The increase in revenue is mainly due to higher trading and transportation of natural gas, higher per unit realisation from petrochemicals and Liquid hydrocarbons products.
The Natural gas transmission during the first quarter of the current financial year was 84.48 MMSCMD as against 78.69 MMSCMD in the corresponding period of the last year. The quantity of polymer sales was 104 TMT as against 105 TMT, Liquid hydrocarbons sales were 346 TMT as against 354 TMT in the corresponding quarter in the previous year. The LPG transmission during the first quarter of the current financial year was 616 TMT as against 621 TMT during the corresponding quarter in the previous financial year. The quantity of polymer production was 104 TMT as against 103 TMT, Liquid hydrocarbons production were 342 TMT as against 355 TMT in the corresponding quarter in the previous year.
GAIL has shared Rs 475 crore including balance Rs.87 Crore relating to Q4 of the FY 2007-08 towards LPG and Kerosene subsidy in the first quarter of the current financial year as compared to a provisional subsidy of Rs 272 crore during the corresponding period the previous year.
During the quarter, revenue from Petrochemicals business have increased by 20 percent to Rs 801 crore as against Rs 666 crore in the corresponding period of last year. The revenues from LPG transmission during the first quarter of the current financial year have decreased by 7 percent to Rs 86 crore as against Rs 92 crore in the corresponding period last year. The revenues from LPG and Liquid Hydrocarbons business during the first quarter of the current financial year have increased by 25 percent to Rs 800 crore as against Rs 640 crore in the corresponding period of last year. The revenues from Natural Gas Trading during the first quarter of the current financial year are Rs 4,119 crore as against Rs 2,956 crore in the corresponding period of the last year. The revenues from Natural Gas Transmission during the first quarter of the current financial year are Rs 621 crore as against Rs 540 crore in the corresponding period the previous year.
The increase in revenue is mainly due to higher trading and transportation of natural gas, higher per unit realisation from petrochemicals and Liquid hydrocarbons products.
The Natural gas transmission during the first quarter of the current financial year was 84.48 MMSCMD as against 78.69 MMSCMD in the corresponding period of the last year. The quantity of polymer sales was 104 TMT as against 105 TMT, Liquid hydrocarbons sales were 346 TMT as against 354 TMT in the corresponding quarter in the previous year. The LPG transmission during the first quarter of the current financial year was 616 TMT as against 621 TMT during the corresponding quarter in the previous financial year. The quantity of polymer production was 104 TMT as against 103 TMT, Liquid hydrocarbons production were 342 TMT as against 355 TMT in the corresponding quarter in the previous year.
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