Trading business boosted profits. Tariff hike is the future trigger GAIL Q2FY19 numbers were ahead of estimates mainly driven by higher realizations and strong performance in the gas transmission and trading segments. Higher pipeline tariffs for some of the pipelines and a onetime settlement of ` 1.3 bn boosted profitability. Gas trading volume grew by 14% due to the spread expansion in Henry Hub and spot LNG prices. Volume outlook on gas transmission looks stable driven by the increase in gas availability and addition of Kochi Mangalore Pipeline. Long pending...