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GAIL consolidated Q1 profit up more than three-fold at Rs 2,157 crore


GAIL (India) has reported a significant increase in consolidated net profit for the first quarter of financial year 2021-22. Consolidated net profit during the quarter under review stood at Rs 2,157.15 crore, or 235 per cent higher than the Rs 642.97-crore profit reported by the company in the comparable quarter of the previous financial year.

Consolidated total income stood at Rs 17,702.43 crore during the quarter ended June 30, 2021, up from Rs 12,339.12 crore in the same months of financial year 2020-21.

“The increase in the profits is mainly attributable to better physical performance in natural gas marketing and transmission, improved margins in gas marketing …

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