Home / Markets / News / GAIL Q2 net profit drops 35% YoY to Rs 1,167.6 cr; stock falls over 4%

GAIL Q2 net profit drops 35% YoY to Rs 1,167.6 cr; stock falls over 4%

Profit before tax (PBT) for the quarter under review came in at Rs 1,706.47 crore against Rs 2,700.84 in the corresponding quarter of the previous fiscal.

Premium

1 min read Last Updated : Nov 08 2019 | 2:54 PM IST

GAIL, the state-owned natural gas processing and distribution company, on Friday posted a consolidated net profit of Rs 1,167.58 crore, down 34.7 per cent year-on-year (YoY) for September quarter of FY19. The company had posted net profit of Rs 1,788.98 crore in the year-ago period.

Profit before tax (PBT) for the quarter under review came in at Rs 1,706.47 crore, down 36.81 per cent YoY against Rs 2,700.84 in the corresponding quarter of the previous fiscal.

Revenue from operations slipped 5.6 per cent YoY to Rs 18,249.90 crore against Rs 19,352.98 crore. Total income stood at Rs 18,485.19 crore against

Topics : Buzzing stocks GAIL Q2 profit Markets Sensex Nifty

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in