{"id":429382,"date":"2021-08-06T11:36:28","date_gmt":"2021-08-06T06:06:28","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=429382"},"modified":"2021-08-06T11:36:28","modified_gmt":"2021-08-06T06:06:28","slug":"gail-profit-jumps-184-to-rs-2995-crore-in-q1","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/gail-profit-jumps-184-to-rs-2995-crore-in-q1\/","title":{"rendered":"GAIL profit jumps 184% to Rs 2,995 crore in Q1"},"content":{"rendered":"<p>State-run gas transporter GAIL\u2019s net profit surged 183.9% year-on-year (y-o-y) to Rs 2,995.3 crore on a consolidated basis in the quarter ended June 30, as the natural gas marketing business \u2014 GAIL\u2019s largest revenue earner \u2014 swung to a profit (before interest and tax) of Rs 449.8 crore. The firm had incurred a loss of Rs 614.1 crore in the corresponding period a year ago.<\/p>\n<p>The company\u2019s profit would have been higher if its tax expenses had not increased 346.5% annually to Rs 383.1 crore in Q1FY22. Revenue in the quarter went up 43.5% y-o-y to Rs 17,702.4 crore, while expenses grew at 29.3% to Rs 15,591.6 crore. The petrochemical segment, owing to higher margins, swung to a before-tax profit of Rs 138.3 crore in the fiscal from the Rs 154.4-crore loss a year ago.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>State-run gas transporter GAIL\u2019s net profit surged 183.9% year-on-year (y-o-y) to Rs 2,995.3 crore on a consolidated basis in the quarter ended June 30, as the natural gas marketing business \u2014 GAIL\u2019s largest revenue earner \u2014 swung to a profit (before interest and tax) of Rs 449.8 crore. The firm had incurred a loss of Rs 614.1 crore in the corresponding period a year ago. The company\u2019s profit would have been higher if its tax expenses had not increased 346.5% annually to Rs 383.1 crore in Q1FY22. Revenue in the quarter went up 43.5% y-o-y to Rs 17,702.4 crore, while [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,195,138],"tags":[],"class_list":["post-429382","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/429382","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=429382"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/429382\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=429382"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=429382"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=429382"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}