GAIL Q3 PAT up by 51% Vs Q2, Turnover at Rs 13,380 crore

GAIL registered a 51% increase in Profit after Tax (PAT) of Rs 664 crore in the third quarter as against Rs 441 crore in the second quarter of the current financial year, GAIL said in a statement today while announcing Q3 results.

Turnover (net of Excise Duty) of Rs 13,380 crore in the third quarter decreased by 5% as against Rs 14,088 crore over the second quarter of the current financial year.

The Profit before Tax increased by 40% to Rs 922 crore in the third quarter as against Rs 660 crore in the second quarter of the current financial year, the GAIL statement added.

Segment-wise Revenue

Revenues from LPG and Liquid Hydrocarbons business increased by 11% in third quarter to Rs 827 crore as against Rs 748 crore in the second quarter of the current financial year.

The net sales from Petrochemicals business during the third quarter decreased by 9% to Rs 729 crore as against Rs 798 crore in the second quarter of the current financial year.

The sales from Natural Gas Marketing during the third quarter decreased by 4% to Rs 11,686 crore as against Rs 12,218 crore in the second quarter of the current financial year.

Natural Gas Transmission revenue decreased by 8% in third quarter to Rs 979 crore as against Rs 1,060 crore in the second quarter of the current financial year.

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