GAIL profit dips 9 pc in Q2 on gas marketing woes

GAIL India Ltd, the nation’s biggest gas company, on Tuesday reported 8.5 per cent drop in September quarter net profit after losses on gas marketing offset gain made in the gas transportation business.

Consolidated net profit of Rs 1,068.16 crore, or Rs 2.47 per share, in July-September is compared with Rs 1,167.58 crore, or Rs 2.59 a share, net profit in the year-ago period, GAIL said in a filing to stock exchanges.