GAIL registers highest ever Half Yearly Turnover, PBT and PAT
GAIL registers highest ever Half Yearly Turnover, PBT and PAT – GAIL (India) Limited enrolled its most elevated ever Half Yearly Turnover and profit in H1 FY 22, timing a turnover of Rs. 38,829 crore as against Rs. 25,671 crore in the last monetary, an increment of 51%. The Profit before Tax expanded by 201% to Rs. 5,736 crore versus Rs. 1,907 crore in H1 of earlier year. Benefit after Tax additionally bounced by 194% to Rs. 4,393 crore for the half year as against Rs. 1,495 crore in H1 FY 21.
On quarterly premise, Turnover expanded by 24% to Rs. 21,477 crore in Q2 FY22 as against Rs. 17,352 crore in Q1 FY22. PBT enrolled a development of 79% and remained at Rs. 3,682 crore in Q2 FY22 as against Rs. 2,054 crore in Q1 FY22. PAT expanded by 87% to Rs. 2,863 crore in Q2 FY22 as against Rs. 1,530 crore in Q1 FY22.
During the quarter, the actual profit improved across all sections. Petroleum gas Transmission expanded to 114.32 MMSCMD in Q2 FY22 as against 107.66 MMSCMD in Q1FY22, up by 6%. Petrochemical production deals was at 221 TMT in the quarter as against 138 TMT in Q1 FY 22, timing an expansion of 60%.
On a merged premise, Turnover in Q2 FY22 was Rs. 21,739 Crore in contrast with Rs. 17,551 crore in Q1 of FY22, up by 24 %.
Mr. Manoj Jain, Chairman and Managing Director, GAIL informed that during the H1 FY22, GAIL has caused a Capex of Rs. 3,180 crore predominantly on Pipelines, Equity and Petrochemicals and so forth He expressed that exhibition of all sections of the organization have improved essentially during the quarter.
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