GAIL Q2 profit jumps 50% YoY to Rs 1,963 crore, beats analysts’ estimates


GAIL Q2 profit jumps 50% YoY to Rs 1,963 crore, beats analysts’ estimates

State-run GAIL on Monday reported a 49.89 per cent year-on-year rise in profit at Rs 1,962.96 crore for the September quarter.  Analysts in an ET NOW poll had estimated the profit figure at Rs 1,473 crore.  The company had posted a net profit of Rs 1,309.63 crore in the corresponding quarter last year.

Total income of the company increased 54.86 per cent to Rs 19,640.96 crore in Q2FY19 over Rs 12,682.88 crore in Q2FY18.  Shares of the company were trading 1.05 per cent down at Rs 155.70 at around 2.30 pm (IST). Read More

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