{"id":595001,"date":"2023-08-01T10:42:43","date_gmt":"2023-08-01T05:12:43","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=595001"},"modified":"2023-08-01T12:36:18","modified_gmt":"2023-08-01T07:06:18","slug":"gail-net-falls-51-in-q1-to-rs-1412-crore-on-lower-petchem-margin","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/gail-net-falls-51-in-q1-to-rs-1412-crore-on-lower-petchem-margin\/","title":{"rendered":"GAIL net falls 51% in Q1 to Rs 1,412 crore on lower petchem margin"},"content":{"rendered":"<p>NEW DELHI: State-run GAIL on Monday recorded a 51% drop in the June quarter net profit at Rs 1,412 crore from Rs 2,915.19 crore a year ago on lower petrochemicals margins and reduced earnings from gas marketing.<\/p>\n<p>But sequentially, the earnings indicated a sharp rebound from Rs 603.6 crore in the January-March period, the last quarter of 2022-23 fiscal. Resumption of contracted gas shipments from a former subsidiary of Russia\u2019s Gazprom from March and lower international prices boosted transportation and marketing volumes by 7% and 2% respectively from the preceding quarter. Higher transmission tariff realisation further lent further support.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: State-run GAIL on Monday recorded a 51% drop in the June quarter net profit at Rs 1,412 crore from Rs 2,915.19 crore a year ago on lower petrochemicals margins and reduced earnings from gas marketing. But sequentially, the earnings indicated a sharp rebound from Rs 603.6 crore in the January-March period, the last quarter of 2022-23 fiscal. Resumption of contracted gas shipments from a former subsidiary of Russia\u2019s Gazprom from March and lower international prices boosted transportation and marketing volumes by 7% and 2% respectively from the preceding quarter. Higher transmission tariff realisation further lent further support.<\/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":[130,219,137],"tags":[],"class_list":["post-595001","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/595001","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=595001"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/595001\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=595001"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=595001"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=595001"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}