GAIL posts 28% rise in Q3 net to Rs 12.62 bn; petrochemical sales up 21%

Revenue from operations rose 17% to Rs 144.14 bn

State-run GAIL (India) has posted a 28 per cent increase in net profit for the third quarter of the financial year 2017-18 ended on December 31 to Rs 12.62 billion on better performance by liquid hydrocarbon (LHC), gas marketing and transmission segments.

This is compared to Rs 9.83 billion during the same period in 2016-17. Natural gas transmission and marketing volumes increased by 6 per cent each, petrochemicals sales by 21 per cent, liquid hydrocarbon sales by 10 per cent and liquefied petroleum gas (LPG) transmission by 2 per cent in the third quarter, as compared to the