NEW DELHI: State-owned gas utility GAIL on Tuesday posted a 56% jump in the net profit during the September quarter buoyed by expanding gas transmission volumes and margins on the back of rising consumption.
Standalone net profit stood at Rs 2,404.8 crore during the July-September period against Rs 1,537.07 crore in the year-ago period. Pre-tax earnings from gas transportation business soared 82% to Rs 1,290.6 crore, while pre-tax earnings from the gas marketing jumped nearly 400% to Rs 1,784.58 crore.
