{"id":577726,"date":"2023-05-19T09:30:53","date_gmt":"2023-05-19T04:00:53","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=577726"},"modified":"2023-05-19T10:10:07","modified_gmt":"2023-05-19T04:40:07","slug":"gail-q4-profit-falls-77-5-to-rs-603-cr-as-ukraine-war-weighs-on-gas-supply","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/gail-q4-profit-falls-77-5-to-rs-603-cr-as-ukraine-war-weighs-on-gas-supply\/","title":{"rendered":"GAIL Q4 profit falls 77.5% to Rs 603 cr as Ukraine war weighs on gas supply"},"content":{"rendered":"<p>State-run gas supplier GAIL on Thursday reported a net profit of Rs 603 crore in the fourth quarter of financial year 2022-23 (Q4, FY23), a 77.5 per cent decline compared to Rs 2,683 crore in the same period a year back. <\/p>\n<p>Higher gas prices due to a global surge in energy rates following Russia\u2019s invasion of Ukraine continued to hurt GAIL\u2019s margins in Q4. <\/p>\n<p>But India\u2019s largest natural gas major managed a sequential recovery in net profit, which increased nearly 1.5 times from the Rs 245 crore registered in the previous October-December quarter. This was due to global gas prices declining early 2023 to aid business, analysts have said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>State-run gas supplier GAIL on Thursday reported a net profit of Rs 603 crore in the fourth quarter of financial year 2022-23 (Q4, FY23), a 77.5 per cent decline compared to Rs 2,683 crore in the same period a year back. Higher gas prices due to a global surge in energy rates following Russia\u2019s invasion of Ukraine continued to hurt GAIL\u2019s margins in Q4. But India\u2019s largest natural gas major managed a sequential recovery in net profit, which increased nearly 1.5 times from the Rs 245 crore registered in the previous October-December quarter. This was due to global gas prices [&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":[135,130,169],"tags":[],"class_list":["post-577726","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/577726","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=577726"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/577726\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=577726"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=577726"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=577726"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}