{"id":359305,"date":"2020-06-25T11:54:42","date_gmt":"2020-06-25T06:24:42","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=359305"},"modified":"2020-06-25T11:54:42","modified_gmt":"2020-06-25T06:24:42","slug":"gail-displays-corona-immunity-with-rs-3018-crore-profit-in-q4","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/gail-displays-corona-immunity-with-rs-3018-crore-profit-in-q4\/","title":{"rendered":"GAIL displays corona immunity with Rs 3,018 crore profit in Q4"},"content":{"rendered":"<p>NEW DELHI: State-run gas utility GAIL on Wednesday displayed Coronavirus immunity by posting a net profit of Rs 3,018.20 crore in the fourth quarter of 2019-20, marking a 169% jump from the year-ago period.<br \/>\nCompany chairman Manoj Jain said on a standalone basis, GAIL\u2019s net profit for the full financial year stood at Rs 6,621 crore, up 10% from Rs 6,026 crore in 2018-19.<br \/>\nAs a group, GAIL\u2019s consolidated net profit stood at Rs 4,813.88 crore in the quarter under review, marking a 216% increase from Rs 1,523.73 crore in the previous corresponding period.<br \/>\nThe sterling result was aided in no small measure by a deferred tax credit of Rs 1,215.18 crore and adoption of a lower tax regime. The stock gained over 2% to close at Rs 101.35 on the BSE.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: State-run gas utility GAIL on Wednesday displayed Coronavirus immunity by posting a net profit of Rs 3,018.20 crore in the fourth quarter of 2019-20, marking a 169% jump from the year-ago period. Company chairman Manoj Jain said on a standalone basis, GAIL\u2019s net profit for the full financial year stood at Rs 6,621 crore, up 10% from Rs 6,026 crore in 2018-19. As a group, GAIL\u2019s consolidated net profit stood at Rs 4,813.88 crore in the quarter under review, marking a 216% increase from Rs 1,523.73 crore in the previous corresponding period. The sterling result was aided in [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,219,137],"tags":[],"class_list":["post-359305","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/359305","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=359305"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/359305\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=359305"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=359305"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=359305"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}