State-run gas utility GAIL (India) Ltd on Thursday reported a fourfold increase in the company’s standalone net profit to Rs 1,021 crore of the fourth quarter ending March 2018. The company had posted a net profit of Rs 260 crore in the corresponding quarter a year ago and had incurred an impairment of investment cost of Rs 788 crore.
The company’s total income for the fourth quarter increased by 11 per cent to Rs 15,706 crore and total expenses grew by 10 per cent to Rs 14,130 core in the period.
GAIL’s revenue from natural gas marketing grew by 17 per cent to Rs 12,128 crore in the fourth quarter, revenue from petrochemical segment fell by 8 percent to Rs 1,638 crore in the period.
Revenue from LPG and Liquid Hydrocarbons grew by 22 per cent to Rs 1,207 crore. Read More
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