{"id":384073,"date":"2020-11-12T12:17:45","date_gmt":"2020-11-12T06:47:45","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=384073"},"modified":"2020-11-13T11:54:02","modified_gmt":"2020-11-13T06:24:02","slug":"gails-q2-consolidated-net-profit-drops-8-5-per-cent","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/gails-q2-consolidated-net-profit-drops-8-5-per-cent\/","title":{"rendered":"GAIL\u2019s Q2 consolidated net profit drops 8.5 per cent"},"content":{"rendered":"<p>GAIL\u2019s second-quarter consolidated net profit dropped 8.5 per cent to Rs 1,068.16 crore, or Rs 2.47 per share, after losses on gas marketing offset gains made in the gas transportation business.<\/p>\n<p>The company had posted a net profit of Rs 1,167.58 crore, or Rs 2.59 a share, in the year-ago period, GAIL said in a filing to the bourses.<\/p>\n<p>Manoj Jain, chairman &amp; managing director of GAIL, said the company\u2019s plants and pipelines have achieved a pre- Covid level of performance. <\/p>\n<p>He added that though the Capex during the first quarter was affected by the lockdown, GAIL has moved swiftly to make up for the lost time and is trying to accelerate the progress in its ongoing projects. Turnover slipped 23.7 per cent to Rs 14,104.80 crore largely because of the lower gas prices during the quarter.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>GAIL\u2019s second-quarter consolidated net profit dropped 8.5 per cent to Rs 1,068.16 crore, or Rs 2.47 per share, after losses on gas marketing offset gains made in the gas transportation business. The company had posted a net profit of Rs 1,167.58 crore, or Rs 2.59 a share, in the year-ago period, GAIL said in a filing to the bourses. Manoj Jain, chairman &amp; managing director of GAIL, said the company\u2019s plants and pipelines have achieved a pre- Covid level of performance. He added that though the Capex during the first quarter was affected by the lockdown, GAIL has moved swiftly [&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":[130,215,148],"tags":[],"class_list":["post-384073","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-telegraph","category-the-telegraph"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/384073","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=384073"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/384073\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=384073"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=384073"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=384073"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}