GAIL Q2 profit surges over two fold YoY to 4,650 cr despite global disruptions
GAIL (India) has reported a remarkable increase in net profit, reaching ₹4,650 crore for the September quarter, more than double from the previous year. This growth is attributed to heightened gas marketing margins amid global energy supply disruptions. Revenue also surged by 31% to ₹45,924 crore. Furthermore, GAIL has moved forward with plans to list its...
Key Takeaways
- GAIL (India) has reported a remarkable increase in net profit, reaching ₹4,650 crore for the September quarter, more than double from the previous year.
- This growth is attributed to heightened gas marketing margins amid global energy supply disruptions.
- Revenue also surged by 31% to ₹45,924 crore.
GAIL (India) has reported a remarkable increase in net profit, reaching ₹4,650 crore for the September quarter, more than double from the previous year. This growth is attributed to heightened gas marketing margins amid global energy supply disruptions. Revenue also surged by 31% to ₹45,924 crore. Furthermore, GAIL has moved forward with plans to list its subsidiary GAIL Gas, enhancing its stock value by 1.7% to ₹168 per share.
Original Publisher Attribution
This summary was curated from Economic Times.