GAIL Q3 result: Profit rises 19% to ₹ 1,487.33 cr on uptick in petrochem margin
NEW DELHI : State-owned gas utility GAIL (India) Ltd on Wednesday reported 19% rise in December quarter net profit after an uptick in petrochemical margin more than neutralised losses on gas marketing.
Net profit of ₹1,487.33 crore, or ₹3.30 a share, in October-December, was 19% more than ₹1,250.65 crore, or ₹2.77 per share, in the same period a year back, the company said in a statement.
The firm’s petrochemical business swung into black with a pre-tax profit of ₹434.08 crore in the third quarter of the current fiscal year as against a loss of ₹8.51 crore in the same period of the previous year.
