{"id":429401,"date":"2021-08-06T11:50:46","date_gmt":"2021-08-06T06:20:46","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=429401"},"modified":"2021-08-06T11:50:46","modified_gmt":"2021-08-06T06:20:46","slug":"gail-profit-up-6-fold-on-higher-sales-margins","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/gail-profit-up-6-fold-on-higher-sales-margins\/","title":{"rendered":"GAIL profit up 6-fold on higher sales, margins"},"content":{"rendered":"<p>NEW DELHI:  Country\u2019s largest natural gas company GAIL India on Thursday reported a six-fold year-on-year increase in its net profit for the first quarter ended June 2021 (Q1FY22), boosted by higher sales and better margins. The company recorded a net profit of Rs 1,529.92 crore during the quarter, against Rs 255.51 crore a year ago. <\/p>\n<p>However, while profits surged on a year-on-year basis, they stood nearly 20% lower compared to the previous quarter ended March 2021. This sequential fall was primarily driven by the impact of the second Covid-19 wave, which was less severe than the initial outbreak last summer. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: Country\u2019s largest natural gas company GAIL India on Thursday reported a six-fold year-on-year increase in its net profit for the first quarter ended June 2021 (Q1FY22), boosted by higher sales and better margins. The company recorded a net profit of Rs 1,529.92 crore during the quarter, against Rs 255.51 crore a year ago. However, while profits surged on a year-on-year basis, they stood nearly 20% lower compared to the previous quarter ended March 2021. This sequential fall was primarily driven by the impact of the second Covid-19 wave, which was less severe than the initial outbreak last summer.<\/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":[130,207,143],"tags":[],"class_list":["post-429401","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-new-indian-express","category-the-new-indian-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/429401","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=429401"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/429401\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=429401"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=429401"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=429401"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}