GAIL reports 46% Q3 profit at Rs 983 crores

The company's net profit for the first nine months of the current fiscal saw a 133% increase over the corresponding period last year, with the PAT increasing to Rs 3,243 crore from Rs.1,394 crore.

GAIL reports 46% Q3 profit at Rs 983 crores

Team EnergyInfraPost

Maintaining growth in all business segments of its operations including petrochemical, liquid Hydrocarbon and Natural Gas Marketing & Transmission, state-owned gas utility and petrochem company, GAIL India Ltd on Friday announced a 46% increase in its third quarter net profit.

Buoyed by a turnaround in petrochemicals segment and increase in profitability of Liquid Hydrocarbons segment, the net profit of Rs 983 crore in the October-December quarter of the current fiscal was higher than Rs 676 crore in the same period of 2015-16, the company said in a statement.  B C Tripathi is the Chairman and Managing Director of GAIL (India) Ltd.

The company’s net profit for the first nine months of the current fiscal saw a 133% increase over the corresponding period last year, with the PAT increasing to Rs 3,243 crore from Rs.1,394 crore.

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