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New Delhi: Cutting through the gloom caused by the pandemic, GAIL (India) Limited recorded a 215.92 percent rise in consolidated profit at Rs 4,813.88 crore for Q4 of FY2019-20. The oil PSU had posted a consolidated net profit of Rs 1,523.73 crore in the corresponding quarter of the previous financial year. The standalone PAT (Profit after Tax) of Rs 6,621 crore for the financial year 2019-20 marked a rise of 10 percent from Rs 6,026 crore over the previous financial year 2018-19. The increase in PAT is mainly due to the adoption of a lower tax regime.
The turnover for FY2019-20 stood at Rs 71,730 crore as against Rs 74,808 crore in the last fiscal year. And the PBT (Profit before Tax) in the current year stood at Rs 7,943 crore as against Rs 9,085 crore during the previous year. The earnings per share in FY20 was Rs 14.68 as against Rs 13.36 (adjusted) in the previous year.
On a quarterly basis, GAIL recorded a turnover of Rs 17,709 crore, PBT of Rs 2,556 crore and PAT of Rs 3,018 crore in Q4 FY2019-20. The PBT and PAT recorded an increase of 47 percent and 169 percent, respectively, vis-a-vis the corresponding period in the last fiscal year.
During the year 2019-20, the consolidated turnover of the GAIL group companies stood at Rs 72,414 crore, down 5 percent from the previous year, while the group PAT was Rs 9,422 crore, up by 44 percent as compared to the last fiscal year. The group companies mainly Indraprastha Gas Limited, Mahanagar Gas Limited, GAIL Gas Limited, Petronet LNG Limited, Konkan LNG Limited and Brahmaputra Cracker & Polymer Limited contributed to add to the group consolidated profit.
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