GAIL (India) Q4FY17 standalone net profit declines 40.4% yoy

GAIL (India) Q4FY17 standalone net profit declines 40.4% yoy

GAIL standalone revenue for the quarter came in at Rs. 13422 crore, registering 15.8% yoy increase. This was driven by increase in revenue from Petrochemicals and Natural Gas Marketing by 57% yoy and 12.7% yoy respectively.

EBITDA for the quarter rose by 27% yoy to Rs. 1525 crore with a corresponding margin expansion of 101 bps. EBITDA margin for the quarter stood at 11.4%. This margin expansion was driven by major changes in inventory.

The PAT (adjusted) for the quarter came in at Rs. 496 crore, yoy decline of 40.4%. Read more

Credits:indiainfoline.com

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