GAIL India Ltd, the country’s largest natural gas marketer, on Friday reported a 23 per cent rise in its April-June quarter net profit on better margins in gas trading and petrochemicals business.
Net profit of Rs 12.59 billion in the first quarter of 2018-19 fiscal was higher than Rs 10.26 billion in the same period of last financial year, the company said in a statement here.
The profit was higher “mainly due to better performance by gas trading and petrochemicals segments,” it said.
Sales were up 50 per cent at Rs 172.62 billion.
Gross margin (EBITDA) witnessed a growth of 17 per cent from Rs 20.15 billion in the first quarter of FY2017-18 to Rs 23.63 billion in April-June FY2018-19. Read More
Latest posts by Business-Standard.com (see all)
- Aramco, Adnoc Interested In India’s Rs 110-bn Strategic Oil Reserve Project - October 18, 2018
- Adani Ties Up With French Energy Major Total To Enter Petrol Retail Biz - October 18, 2018
- ABB bags Rs 115 cr order from Indian Railways - October 17, 2018