GAIL reports 35.3 profit rise in Q2 at Rs 2442.18 crore, revenue drops by 14.7%

GAIL (India) Limited on Tuesday posted profit for the second quarter of FY24 at Rs 2442.18 crore, up 35.3 per cent in comparison to Rs 1804.61 crore during the same period last year, surpassing estimates. It posted revenue from operations at Rs 33,049.68 crore, down 14.7 per cent as against Rs 38,728.86 crore during the second quarter of FY23. According to a CNBC TV18 poll, GAIL (India) Q2 profit was expected to be at Rs 1734 crore and revenue at Rs 33,887 crore during the second quarter of FY24.