GAIL Q2 profit jumps 50% on revenue from natural gas marketing business

Profit came in at Rs 19.63 billion for the three months ended Sept. 30, compared with Rs 13.10 billion a year earlier

State-run gas utility GAIL (India) Ltd posted a 50 per cent jump in second-quarter profit on Monday, boosted by higher revenue from its natural gas marketing business.

Profit came in at 19.63 billion rupees ($268.86 million) for the three months ended Sept. 30, compared with 13.10 billion rupees a year earlier, the company said https://bit.ly/2zoe4Li.

Analysts on average had expected a profit of 15.31 billion rupees, according to Refinitiv data.

Revenue from operations jumped 55.3 per cent to 192.75 billion rupees.