GAIL (India) Ltd has reported a Rs 2,872.62-crore net profit for the second quarter of 2021-22. This is 168 per cent higher than the Rs 1,068.16-crore bottom line written by the company in the same period of the previous financial year.
Total income also reported a significant rise to Rs 22,056.21 crore, up from Rs 14,104.80 crore during the comparable period.
- Cochin Shipyard Shares Skyrocketed 9% on Bagging an Order from a European Client
- Stocks in Focus: Zomato, Cochin Shipyard, Rail Vikas Nigam, and Others
- Stocks Under F&O Ban: Piramal Enterprises, GMR Airports, Canara Bank, and Others
- What is an Option Chain and How to Read it?
- Piramal Pharma Shares Gained 11% On Release of Strong Q4FY24 Results
During the quarter, the physical performance improved across all segments. Natural Gas Transmission increased to 114.32 million standard cubic meters per day (MMSCMD) in the quarter under review as against 107.66 MMSCMD in the first quarter of the current financial year. Natural Gas Marketing increased to 97.72 MMSCMD during the quarter against 95.95 MMSCMD in the preceding quarter Chairman and Managing Director, GAIL, Manoj Jain, said that GAIL has incurred a capital expenditure of Rs 3,180 crore in the first half of the current financial year. This is mainly on pipelines, equity and petrochemicals.