GAIL (India) Q2 profit jumps 50 pct, tops estimates

November 06, 2018 / in.investing.com / Article Link

Nov 5 (Reuters) - State-run gas utility GAIL (India) Ltd GAIL.NS posted a 50 percent jump in second-quarter profit on Monday, boosted by higher revenue from its natural gas marketing business.

Profit came in at 19.63 billion rupees ($268.86 million) for the three months ended Sept. 30, compared with 13.10 billion rupees a year earlier, the company said https:// on average had expected a profit of 15.31 billion rupees, according to Refinitiv data.

Revenue from operations jumped 55.3 percent to 192.75 billion rupees. ($1 = 73.0125 Indian rupees)

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