GAIL (India) Limited Q2 FY22 turnover increased by 24% to Rs. 21,477 crore in Q2 FY22 as against Rs. 17,352 crore in Q1 FY22 whereas Profit After tax (PAT) increased by 87% to Rs. 2,863 crore in Q2 FY22 as against Rs. 1,530 crore in Q1 FY22.

Profit Before Tax (PBT) registered a growth of 79% and stood at Rs. 3,682 crore in Q2 FY22 as against Rs. 2,054 crore in Q1 FY22.

During the quarter, the physical performance improved across all segments. Natural Gas Transmission increased to 114.32 MMSCMD in Q2 FY22 as against 107.66 MMSCMD in Q1 FY22, up by 6%. Natural Gas Marketing increased to 97.72 MMSCMD during the quarter as against 95.95 MMSCMD in Q1 FY22, up by 2%. Petrochemical production sales was at 221 TMT in the quarter as against 138 TMT in Q1 FY 22, clocking an increase of 60%.

On a consolidated basis, turnover in Q2 FY22 was Rs. 21,739 crore in comparison to Rs. 17,551 crore in Q1 of FY22, up by 24%. The PBT in Q2 FY22 was Rs. 3,728 crore versus Rs. 2,540 crore in Q1 FY22, up by 47%. The PAT in Q2 FY22 is Rs. 2,883 crore versus Rs. 2,138 crore in Q1 FY22, up by 35%.

Manoj Jain, Chairman & Managing Director, GAIL said, "During H1 FY22, GAIL has incurred a Capex of Rs. 3,180 crore mainly on pipelines, equity and petrochemicals etc."

He stated that performance of all segments of the company have improved significantly during the quarter and a sustainable future performance is expected.