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Gail reports 69% fall in Q4 net profit

GAIL (India) has reported results for fourth quarter and year ended March 31, 2017.

The company has reported a fall of 68.74% in its net profit at Rs 260.16 crore for the quarter ended March 31, 2017 as compared to Rs 832.13 crore for the same quarter in the previous year. However, total income from operation of the company increased by 15.86% at Rs 13674.09 crore for quarter under review as compared to Rs 11802.40 crore for the quarter ended March 31, 2016.

For the year ended March 31, 2017, the company has posted a jump of 57.33% in its net profit at Rs 3502.91 crore as compared to Rs 2226.43 crore in FY16. However, total income from operation of the company decreased by 6.35% at Rs 48882.99 crore for year under review as compared to Rs 52195.97 crore for the year ended March 31, 2016.

For the year ended March 31, 2017, on the consolidated basis, the company has reported over two-fold jump in its net profit at Rs 3947.94 crore as compared to Rs 1857.54 crore in FY16. However, total income from operation of the company decreased by 6.12% at Rs 49333.81 crore for year under review as compared to Rs 52552.31 crore for the year ended March 31, 2016

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