GAIL net profit rises

GAIL (India) Limited posted Rs 3,288 crore net profit in the third quarter of the current financial year, which is 15 per cent more when compared with Rs 2,863 crore in the previous quarter, Ministry of Petroleum & Natural Gas said on Thursday.

GAIL posted 20 per cent increase in revenue from operations to Rs 25,776 crore in Q3 FY22 as against Rs 21,515 crore in Q2 FY22. Profit before tax increased by 17 per cent in Q3 FY22 to Rs 4,308 crore as against Rs 3,682 crore in Q2 FY22.

Revenue from operations for the nine-month period ended December 31, 2021 increased by 57 per cent to Rs 64,678 crore as compared to Rs 41,189 crore in the corresponding period of the previous year. Profit before tax registered a growth of 166 per cent and stood at Rs 10,044 crore upto Q3 FY22 as against Rs 3,774 crore upto Q3 FY21.

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