Rs 1,239 crore Q2 profit for GAIL
Gas transportation utility GAIL ...
Gas transportation utility GAIL in November reflected the general positive sentiment in the economy during the unlock phase reporting 16.5 per cent growth in its net profit for the July-September quarter of current financial year to Rs 1,239 crore as compared Rs 1,065 crore profit in the corresponding period of previous fiscal.
The net profit, however, recovered by a wider margin compared to the previous quarter (Q1 of FY21) when the economic impact of lockdown was more pronounced. In Q1, GAIL’s profits had slipped to a mere Rs 256 crore.