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GAIL net up 19% at Rs 1,487 crore in Q3
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GAIL net up 19% at Rs 1,487 crore in Q3
Sanjay Dutta / TNN / Feb 10, 2021, 23:05 IST
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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. ....

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