GAIL Earnings: Company’s revenue has jumped in fourth quarter of 2020-21
Maharatna firm Gas Authority India Limited (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 12 months 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 firm’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 steady and no main shutdown befell throughout 2020-21.
During the 12 months, 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 Natural Gas, GAIL’s administration has given a thrust to broaden within the areas of compressed biogas, ethanol and renewable power.
