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GAIL Q4 net profit jumps 40% to Rs 2,683.11 crore on higher gas margins

State gas utility GAIL India Ltd reported a 40 per cent jump in its March quarter net profit as margins on natural gas sales rose

Press Trust of India New Delhi
State gas utility GAIL India Ltd on Friday reported a 40 per cent jump in its March quarter net profit as margins on natural gas sales rose.
Net profit in January-March at Rs 2,683.11 crore was higher than Rs 1,907.67 crore in the same period a year back, according to the company's regulatory filing.
Revenue from operations rose to Rs 26,968.21 crore from Rs 15,549.07 crore in January-March 2021.
For the full fiscal ending March 31, the company reported its highest ever net profit of Rs 10,363.97 crore, against Rs 4,890.18 crore in the previous year.
Pre-tax earnings from natural gas marketing jumped to Rs 1,725.93 crore in the fourth quarter of 2021-22, up from Rs 280.89 crore a year back.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: May 27 2022 | 2:44 PM IST

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