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GAIL India Posts 28 Per Cent Jump in Third-quarter Profit, Misses Analysts' Estimates

Profit from continuing operations rose to 12.62 billion rupees ($196.22 million) for the quarter ended December 31, from 9.83 billion rupees a year earlier, the gas marketing company said on Monday.

Reuters

Updated:February 12, 2018, 5:52 PM IST
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GAIL India Posts 28 Per Cent Jump in Third-quarter Profit, Misses Analysts' Estimates
Profit from continuing operations rose to 12.62 billion rupees ($196.22 million) for the quarter ended December 31, from 9.83 billion rupees a year earlier, the gas marketing company said on Monday.
Mumbai: State-run gas utility GAIL (India) Ltd on Monday posted a 28 per cent jump in third-quarter profit, but missed analysts' estimates.

Profit from continuing operations rose to 12.62 billion rupees ($196.22 million) for the quarter ended December 31, from 9.83 billion rupees a year earlier, the gas marketing company said on Monday.

Analysts, on average, had expected a profit of 12.99 billion rupees, according to Thomson Reuters data.

Revenue from operations rose 17 percent to 144.14 billion rupees.

($1 = 64.3150 Indian rupees)

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| Edited by: Bijaya Das
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