GAIL profit falls 35% to Rs 6,143 crore in FY21
State-run gas transporter GAIL’s net profit fell 35.4% year-on-year (y-o-y) to Rs 6,142.8 crore on a consolidated basis in the fiscal ended March, as the natural gas marketing business — GAIL’s largest revenue earner — reported a loss of Rs 435.4 crore against a profit of Rs 2,639 crore in the corresponding period a year ago.
In the fourth quarter of FY21, the company posted a profit of Rs 2,535 crore against the Rs 4,814 crore consolidated profit recorded in Q4FY20.
