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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

Reuters 

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.

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First Published: Mon, November 05 2018. 14:27 IST
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