GAIL (India) Ltd on Monday posted fiscal first quarter profit at Rs 1,792.99 crore, down 44.8 per cent in comparison to Rs 3,250.95 crore during the corresponding quarter of FY23, on weak earnings in the petrochemicals business as well as in the marketing of natural gas. It posted revenue from operations at Rs 32,848.78 crore, down 13.4 per cent as against Rs 37,942.15 crore during the first quarter of FY23. The quarter earnings surpassed the CNBC TV18 estimates, according to which, GAIL was expected to post profit at Rs 1,655 crore and revenue at Rs 31,949 crore during Q1.
