GAIL reports 50 per cent rise in Q2 net profit

GAIL Limited reported its results for the quarter ended September 30, 2018 on Monday. The company's standalone revenue for the quarter Q2FY19 came in at Rs. 19,275.32 crore as against Rs. 12,409.65 crore in the corresponding quarter last year, registering 55.3 per cent yoy increase.

The company’s core business (Natural gas marketing) grew by 67 per cent to Rs. 15,651.93 crore against Rs. 9,378.11 crore. The EBITDA for the quarter rose by 40.1 per cent yoy to Rs. 2,927.55 crore as against Rs. 2,090.05 crore in the corresponding quarter last year, with a corresponding margin contraction of 165 bps. EBITDA margin for the quarter stood at 15.2 per cent.

The PAT for the quarter came in at Rs. 1,962.96 crore as against Rs. 1,309.63 crore in the corresponding quarter last year, yoy increase of 50 per cent.

GAIL (India) Limited is an integrated energy company in the hydrocarbon sector. The company is also engaged in gas marketing.

During Monday’s trade, the stock has opened at Rs.370 per share and touched a high/low of Rs.377/ Rs.364.40 and at 2:59 pm, the stock was quoting at Rs. 369.45 per share.