GAIL India Limited registers increase in PAT by 43 per cent in the first quarter of FY 2005-06
29 July 2005
New Delhi: GAIL (India) turnover (excluding excise) has increased by 14 per cent to Rs3,288 crores in the first quarter of 2005-06 as against Rs2,874 crore of the first quarter of the previous financial year. Gross margin is also up by 25 per cent.
Profit after tax increased 43 per cent to Rs483 crore from Rs339 crore in the corresponding quarter. A provision of Rs153 crore has been made from sales towards under recoveries of sensitive petroleum products due to instructions from the petroleum ministry, compared to Rs226 crore in the corresponding quarter of previous year.