GAIL Profit For March Quarter Jumps 28% To Rs 1,908 Crore

Maharatna firm Gasoline Authority India Restricted (GAIL) recorded a 28 per cent bounce in its revenue after tax for the fourth quarter of 2020-21, because it stood at Rs 1,908 crore. It was at Rs 1,487 crore within the third quarter of the earlier fiscal.

For the entire yr of 2020-21, the stand alone turnover, revenue earlier than tax and revenue after tax stood at Rs 56,529 crore, Rs 6,386 crore and Rs 4,890 crore respectively. 

The consolidated group turnover for the 2020-21 stood at Rs 57,208 crore, revenue earlier than tax was Rs 7,725 crore and revenue after tax was Rs 6,136 crore.

The corporate’s income for the January-March quarter stood at Rs 15,449 crore, whereas EBITDA (earnings with curiosity, taxes, depreciation, and amortisation) was Rs 2,465 crore.

Chairman and Managing Director of GAIL, Manoj Jain stated that the operations of the plant and pipelines had been secure and no main shutdown passed off throughout 2020-21.

In the course of the yr, firm’s capex was Rs 6,982 crore primarily on pipelines, he added. 

He additional stated that below the aegis of Ministry of Petroleum and Pure Gasoline, GAIL’s administration has given a thrust to broaden within the areas of compressed biogas, ethanol and renewable vitality.