GAIL Q2 Profit Soars 41% To Rs1,309.4 Crore

GAIL Q2 Profit Soars 41% To Rs1,309.4 Crore

GAIL Q2 Profit Soars 41% To Rs1,309.4 Crore

United Bank of India (UBI) ended the second quarter with a Rs. 344.8 crore loss against a Rs. 43.5 crore net profit a year earlier.

The Company's PAT for the quarter ending September 30, 2017 rose to Rs. 1,310 crore from Rs. 925 crore in the corresponding quarter of the last fiscal.

The gas utility marketed 5 per cent more gas by volume during the quarter in consideration, the statement said. Earnings from natural gas marketing rose 27% to Rs419.74 crore while the same from petrochemical business almost halved to Rs88.81 crore.

GAIL said all the business segments registered positive physical growth both sequentially and as compared with the corresponding quarter a year ago.


The company has reported net sales of Rs.1265.04 crores during the 6 months period ended September 30, 2017 as compared to Rs.1433.07 crores during the 6 months period ended September 30, 2016.

Revenue dropped marginally by around 1per cent to Rs12,409.65 crore.

Analysts on average had expected a net profit of Rs474 crore, Thomson Reuters data showed.

Shares of LLOYD ELECTRIC & ENGINEERING LTD. was last trading in BSE at Rs.295.95 as compared to the previous close of Rs. 298.8.

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