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GAIL turnover rises 21%

State-owned gas utility GAIL (India) Ltd registered a turnover (net of excise duty) of Rs 22,450 crore in the first half of fiscal 2012-13, a 21 per cent increase against a Rs18,566 crore turnover in the corresponding period of the last financial year.

GAIL’s net profit after tax for the first half of the 2012-13 increased by 2 per cent to Rs 2,119 crore against Rs 2,079 crore in the corresponding period previous year.

The gross margin increased by 5 per cent to Rs. 3,609 crore in the first half of the current financial year against Rs. 3,433 crore in the corresponding period last year. The profit before tax increased by 2 per cent to Rs. 3,058 crore in the first half of the current financial year against Rs. 3,011 crore in the corresponding period last year.

During the first half of the current financial year, The revenues from natural gas trading increased by 28 per cent to Rs 18,939 crore as against Rs. 14,781 crore in the corresponding period of the last year.

The net sales from the LPG and liquid hydrocarbons business during the first half of the current financial year have been increased by 2 per cent to Rs 1,842 crore against Rs 1,802 crore in the corresponding period last year.

The revenues from natural gas transmission were Rs 1,899 crore as against Rs. 1,919 crore in the corresponding period the previous year.

The net sales from the petrochemicals business were Rs 1,454 crore as against Rs 1,574 crore in the corresponding period of last year.

The revenues from LPG transmission during the first half of the current financial year were Rs 110 crore as against Rs 224 crore in the corresponding period last year.’
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