{"id":367657,"date":"2020-08-14T11:14:41","date_gmt":"2020-08-14T05:44:41","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=367657"},"modified":"2020-08-14T11:14:41","modified_gmt":"2020-08-14T05:44:41","slug":"gail-q1-net-profit-tanks-80-to-%e2%82%b9255-51-cr","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/gail-q1-net-profit-tanks-80-to-%e2%82%b9255-51-cr\/","title":{"rendered":"GAIL Q1 net profit tanks 80% to \u20b9255.51 cr"},"content":{"rendered":"<p>State-owned gas utility GAIL India Ltd on Thursday posted an 80% drop in its June quarter net profit as it suffered losses on the marketing of natural gas and petrochemicals.<\/p>\n<p>Standalone net profit of \u20b9255.51 crore, or \u20b90.57 per share, in April-June, was 80.1% lower than \u20b91,287.53 crore, or \u20b92.85 a share, net profit in the same period a year back, the company said in a regulatory filing.<\/p>\n<p>&#8220;The sharp decline in financial performance is mainly attributable to a significant impact in physical performance due to nation-wide lockdown during the earlier part of the quarter coupled with lower price realization in petrochemicals, liquid hydrocarbons, and natural gas,&#8221; it later said in a statement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>State-owned gas utility GAIL India Ltd on Thursday posted an 80% drop in its June quarter net profit as it suffered losses on the marketing of natural gas and petrochemicals. Standalone net profit of \u20b9255.51 crore, or \u20b90.57 per share, in April-June, was 80.1% lower than \u20b91,287.53 crore, or \u20b92.85 a share, net profit in the same period a year back, the company said in a regulatory filing. &#8220;The sharp decline in financial performance is mainly attributable to a significant impact in physical performance due to nation-wide lockdown during the earlier part of the quarter coupled with lower price realization [&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":[139,130,187],"tags":[],"class_list":["post-367657","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/367657","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=367657"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/367657\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=367657"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=367657"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=367657"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}