{"id":229326,"date":"2019-02-05T11:59:19","date_gmt":"2019-02-05T11:59:19","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=229326"},"modified":"2019-02-05T11:59:19","modified_gmt":"2019-02-05T11:59:19","slug":"gail-third-quarter-profit-soars-33-percent-beats-estimate","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/gail-third-quarter-profit-soars-33-percent-beats-estimate\/","title":{"rendered":"GAIL third-quarter profit soars 33 percent, beats estimate"},"content":{"rendered":"<p>State-owned gas distribution company GAIL (India) Ltd on Tuesday reported a 33.2 percent jump in third-quarter profit, beating market estimate, buoyed by a surge in revenue from its natural gas marketing segment.<\/p>\n<p>Profit for the quarter ended Dec. 31 came in at 16.81 billion rupees ($234.32 million), compared with a profit of 12.62 billion rupees last year, the company said. <\/p>\n<p>Sixteen analysts on average estimated the company, which also engages in transmission of petrochemicals and liquefied petroleum gas, to post a profit of 15.51 billion rupees in the quarter, according to Refinitiv Eikon data.<\/p>\n<p>GAIL&#8217;s revenue from operations surged 37.3 percent to 197.89 billion rupees. Revenue from its natural gas marketing segment, which accounts for more than three-fourth of the total, spiked over 46 percent.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>State-owned gas distribution company GAIL (India) Ltd on Tuesday reported a 33.2 percent jump in third-quarter profit, beating market estimate, buoyed by a surge in revenue from its natural gas marketing segment. Profit for the quarter ended Dec. 31 came in at 16.81 billion rupees ($234.32 million), compared with a profit of 12.62 billion rupees last year, the company said. Sixteen analysts on average estimated the company, which also engages in transmission of petrochemicals and liquefied petroleum gas, to post a profit of 15.51 billion rupees in the quarter, according to Refinitiv Eikon data. GAIL&#8217;s revenue from operations surged 37.3 [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[133],"tags":[],"class_list":["post-229326","post","type-post","status-publish","format-standard","hentry","category-oil-gas"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/229326","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=229326"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/229326\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=229326"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=229326"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=229326"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}