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GAIL reports 50% rise in Q2 net profit

GAIL India has reported results for second quarter ended September 30, 2018.

The company has reported 49.89% rise in its net profit at Rs 1,962.96 crore for the quarter under review as compared to Rs 1,309.63 crore for the same quarter in the previous year. Total income of the company increased by 54.86% at Rs 19,640.96 crore for Q2FY19 as compared Rs 12,682.88 crore for the corresponding quarter previous year.

GAIL India is India’s principal Natural Gas Company with activities ranging from Gas Transmission and Marketing to Processing (for fractionating LPG, Propane, SBP Solvent and Pentane); transmission of Liquefied Petroleum Gas (LPG); production and marketing of Petrochemicals like HDPE and LLDPE and leasing bandwidth in Telecommunications.

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