GAIL Q1 Results: Net profit jumps 51% on marketing margins
The firm reported a pre-tax profit of Rs 2,317.91 crore from natural gas marketing in the first quarter of the current fiscal, as compared to Rs 449.84 crore pre-tax profit a year back and Rs 1,976.23 crore in the preceding quarter.The margin on gas marketing made up for a 12.5 per cent decline in earnings from the gas transportation business and a 74 per cent drop in petrochemicals earnings.
