GAIL Net De­clines 23% to .₹ 1,026 crore

The Economic Times - - Companies: Pursuit Of Profit -

State-owned gas util­ity GAIL In­dia on Thurs­day re­ported a 23% drop in the June quar­ter net profit to .₹ 1,025.6 crore. GAIL had a net profit of .₹ 1,335.2 crore in April-June quar­ter of pre­vi­ous fis­cal. Net profit in the first quar­ter of FY18 “has seen growth of 21% on year-on-year ba­sis (af­ter ex­clud­ing one-time gains from stake sale in Ma­hana­gar Gas in Q1 FY17 of .₹ 489 crore),” the com­pany said.

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