GAIL profit plunges 90% y-o-y in Q3
The country’s largest gas distributor, GAIL (India), on Monday reported a 90% year-on-year decline in net profit for the December quarter (Q3FY23) to `397.59 crore, owing to losses in the petrochemical and gas marketing business.
Consolidated net profit of the state-run utility came in at `397.59 crore in October-December 2022 compared with `3,800.09 crore in the same period a year ago, according to the company’s stock exchange filing.
