News Analysis

GAIL India's consolidated net profit dips 35% in Q2

Updated on 09 November 2019 10:17 AM

GAIL India has reported results for second quarter ended September 30, 2019.

The company has reported a fall of 45.78% in its net profit at Rs 1,064.25 crore for the quarter under review as compared to Rs 1,962.96 crore for the same quarter in the previous year. Total income of the company decreased by 5.76% at Rs 18,481.13 crore for Q2FY20 as compared Rs 19,610.52 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 34.73% in its net profit at Rs 1,167.58 crore for the quarter under review as compared to Rs 1,788.98 crore for the same quarter in the previous year. Total income of the company decreased by 5.21% at Rs 18,485.19 crore for Q2FY20 as compared Rs 19,500.64 crore for the corresponding quarter previous year.