GAIL net jumps 40% on higher gas margins
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.
