NEW DELHI: State-owned GAIL (India) Ltd on Thursday reported its higher quarterly net profit in three months to December 2021 as a rise in natural gas prices helped improve its margins.
Net profit of Rs 3,287.99 crore, or Rs 7.40 per share, in October-December 2021 was more than double as compared to Rs 1,487.33 crore, or Rs 3.30 a share, in the same period a year back, the company said in a statement.
The profit was 15 per cent higher than the preceding quarter’s.
While natural gas transmission volumes and profitability remained almost unchanged, the firm saw its profitability from the marketing of the fuel jump to Rs 1,749.71 crore in the third quarter of the current fiscal year as against a loss of Rs 73.70 crore a year back.
