Home / Knowledge / News / Textiles / GAIL Petrochemicals Biz revenues go up in Q3
GAIL Petrochemicals Biz revenues go up in Q3
01
Feb '08
GAIL (India) Limited registered a total revenue (net of Excise Duty) of Rs. 4483 crore in the third quarter of FY 2007-08 against the turnover of Rs. 4563 crore in the corresponding previous period.

The Profit Before Tax increased by 2.4 percent to Rs. 899 crore in the third quarter of the current financial year against Rs. 878 crore in the corresponding period last year. The Net Profit during the third quarter of FY 2007-08 was Rs. 621 crore against Rs. 665 crore in the corresponding previous period.

For the nine month period ended 31st December 2007, however, the Company registered Net Sales of Rs. 13,073 crore, a 7.4 per cent increase against Net Sales of Rs. 12,164 crore in the corresponding period last year.

The Net Profit for the period ended 31st December 2007 was Rs. 1879 crore, up 10 percent over Rs.1706 crore in the corresponding previous period.

The marginal decrease in the revenues and net profit during the third quarter of the current financial year was mainly due to the increased subsidy burden and corporate tax during the third quarter of the current financial year as against the corresponding period last year.

The LPG subsidy during the period increased by over Rs. 52 crore to Rs. 367.5 crore compared to Rs. 315 crore in the corresponding previous period.

Segment-wise Revenue:
During the third quarter of the current financial year, revenues from Petrochemicals business were Rs. 538 crore as against Rs. 624 crore in the corresponding period of last year.

The revenues from LPG and Liquid Hydrocarbons business during the third quarter of the current financial year were Rs. 528 crore as against Rs. 594 crore in the corresponding period of last year.

The revenues from Natural Gas Trading during the third quarter of the current financial year were Rs. 3112 crore as against Rs. 3149 crore in the corresponding period of the last year.


Must ReadView All

Apparel/Garments | On 26th Sep 2017

US raises annual AGOA quota for textiles

The US Committee for the Implementation of Textile Agreements has...

Textiles | On 26th Sep 2017

Thrace-LINQ expanding Dorchester County operations

Thrace-LINQ, a global supplier of fabrics for the textile industry,...

Courtesy: Levis

Fashion | On 26th Sep 2017

Google unveils smart denim jacket with Levi Strauss

Ending the months-long wait, Google has unveiled its smart denim...

Interviews View All

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Top executives
Textile industry, India

The event should be organised every year

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

September 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
75.5%
No
12.2%
Skip
12.2%

Total Votes: 49

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.3%
No
24.5%
Skip
12.2%

Total Votes: 49

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.8%
No
6.1%
Skip
6.1%

Total Votes: 49

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
71.4%
No
10.2%
Skip
18.4%

Total Votes: 49


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search