GAIL Q1 net profit rises 51% to Rs 2,157 cr on marketing margin boost

GAIL (India) Ltd, the nation’s largest gas utility, on Thursday reported a 51 per cent jump in its June quarter net profit on the back of bumper margins from gas marketing.

GAIL posted a consolidated net profit of Rs 3,250.95 crore, or Rs 7.34 per share, in April-June compared to Rs 2,157.15 crore, or Rs 4.81 a share, net profit in the same period a year back, the company said in a regulatory filing.

Sequentially, the profit was lower than Rs 3,473.77 crore net earnings in the January-March quarter.

The rise in year-on-year profit for the nation’s largest gas transporter and seller was on the back of bumper earnings from natural gas marketing.