GAIL Q3 results: Profit rises 19% on uptick in petrochem margin
NEW DELHI: State-owned gas utility GAIL NSE 2.96 % (India) Ltd on Wednesday reported 19 per cent rise in December quarter net profit after an uptick in petrochemical margin more than neutralised losses on gas marketing.
Net profit of Rs 1,487.33 crore, or Rs 3.30 a share, in October-December, was 19 per cent more than Rs 1,250.65 crore, or Rs 2.77 per share, in the same period a year back, the company said in a statement.
