GAIL Q3 Profit Rises 19% To Rs 1,487 Crore On Lower Tax Cost; Misses Estimates moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
GAIL May Report Double-digit Sequential Growth In Q3 FY21 Earnings On Increase In Gas Consumption moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
GAIL (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.
GAIL Q3 results: Net profit declines 6.6% to Rs 1,897 cr, revenue falls 12.1% The state-owned company s total income fell 12.1 per cent to Rs 15,900 crore. Sequentially, it rose 12.7 per cent from Rs 14,105 crore in July-September. BusinessToday.In | February 10, 2021 | Updated 15:24 IST GAIL s revenue from natural gas marketing segment declined 13.3 per cent to Rs 14,883 crore. GAIL (India) Ltd on Wednesday reported a 6.6 per cent year-on-year (YoY) decline in its consolidated net profit at Rs 1,897 crore for October-December quarter on lower revenue. However, the net profit rose 77.6 per cent quarter-on-quarter (QoQ) from Rs 1,068 crore in September quarter. The state-owned company s total income fell 12.1 per cent to Rs 15,900 crore. Sequentially, it rose 12.7 per cent from Rs 14,105 crore in July-September. GAIL s total expenses declined 13.9 per cent YoY to Rs 14,034 crore.
GAIL net up 19% at Rs 1,487 crore in Q3 Top Searches GAIL net up 19% at Rs 1,487 crore in Q3 Sanjay Dutta / TNN / Feb 10, 2021, 23:05 IST FacebookTwitterLinkedinEMail (File photo) NEW DELHI: Gas utility GAIL on Wednesday posted a net profit of Rs 1,487 crore in the October-December period, up 19% from Rs 1,250 crore in the previous corresponding quarter, on the back of gains from the petrochemical business. Petrochem business was back in black with a pre-tax profit of Rs 434 crore in the quarter under review against a loss of Rs 8.5 crore in the same period of the previous year. But natural gas marketing ran up a loss of nearly Rs 74 crore against a pre-tax profit of Rs 466.5 crore. Gas transportation, the company’s mainstay, was almost flat as was LPG and liquid hydrocarbons business.