You are here: Home » Companies » Results
Business Standard

GAIL India Q3 consolidated net falls 6.5% to Rs 1,897 cr on tepid gas biz

Lower profit due to decline in natural gas marketing business


Twesh Mishra  |  New Delhi 

Photo: Reuters
Photo: Reuters

(India) has reported a 6.5 per cent drop in consolidated net profit to Rs 1,897.04 crore for the third quarter of financial year 2020-2021, from Rs 2,029.51 crore in the same quarter of the previous financial year.

The firm's total income during the period under review declined 12 pe cent to Rs 15,899.85 crore in the quarter ended December 31, 2020, from Rs 18,094.15 crore a year ago.

The company reported the steepest decline, at about 13 per cent, in segment revenue from the Natural Gas Marketing business. Revenue from this vertical, which holds the largest share within GAIL's portfolio, fell to Rs 14,882.74 crores in the third quarter, from Rs 17,157.64 crore in the corresponding period of FY20.

The lower revenue in this segment led to a Rs 157.94-crore loss within this domain in the quarter under review. had reported a Rs 452.64-crore profit during the same quarter of the previous financial year.

said it has reported an improved performance compared to the preceeding (second quarter) of FY 2020-2021.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Wed, February 10 2021. 16:20 IST