GAIL reports 42% YoY rise in Q2 profit; beats Street estimates

GAIL India Ltd on Tuesday reported a 41.6 per cent jump in its second quarter profit earnings

GAIL India Ltd on Tuesday reported a 41.6 per cent jump in its second quarter profit earnings

State-owned gas transmission utility GAIL (India) today reported a 42 per cent jump in net profit for the quarter ended September on the back of improved performance of the liquid hydrocarbon and natural gas transmission and marketing segments.

The company posted total income of Rs 2,531.18 crore for the second quarter as against Rs 2,012.64 crore for the corresponding quarter previous year.

The company has posted net profit of Rs.246.46 crores for the 6 months period ended September 30, 2017 as against Rs.252.85 crores for the 6 months period ended September 30, 2016.

Its total income rose 1.28 per cent to Rs 601.72 crore during the quarter under review compared to Rs 594.07 crore in the corresponding quarter last fiscal.

The Apple Inc. (AAPL) Shares Sold by HM Capital Management LLC
Seven equities research analysts have rated the stock with a hold rating and forty-six have assigned a buy rating to the stock. Clark Estates Inc increased Donnelley Finl Solutions Inc stake by 120,533 shares to 288,883 valued at $6.63 million in 2017Q2.

Steel Minister Chaudhary Birender Singh had said Steel PSUs are not holy cows and should step out of their comfort zone to perform and compete with private players.

The minister warned that the PSUs can not afford to sit on their laurels in the changing scenario in the world, the minister had said.

Total expenses of the company declined to Rs 10,775.22 crore in Q2FY18 over Rs 10,999.88 crore in Q2FY17.

Latest News