GAIL reports ₹2,029.50 cr net profit in third quarter
GAIL (India) Ltd has reported a ₹2,029.51 crore consolidated net profit for the third quarter of financial year 2019-2020. This is 12.94 per cent higher than the ₹1,797.04 crore net profit reported by the company in the corresponding quarter of the previous fiscal. The rise in profit is mainly due to better physical performance and better margins in gas marketing and liquid hydrocarbons, a company statement said.
The company’s board has declared a 64 per cent interim dividend amounting to ₹2,886.49 crore, a BSE filing said.
During the quarter under review, consolidated total income of the company fell to ₹18,094.15 crore, down 11.12 per cent from the ₹20,358.52 crore reported in the same quarter of the previous financial year.
