GAIL Q4FY24 earnings: Net profit triples on gas transmission business turnaround
Against a loss of Rs 16.41 crore in gas transmission business in January-March 2023, India's largest gas transportation and marketing firm booked a pre-tax profit of almost Rs 980 crore. Also, the petrochemical business had a pre-tax profit of Rs 262.34 crore compared to a loss of Rs 401 crore in the previous year.
GAIL's net profit was 26% lower than Rs 2,842.62 crore earning in the preceding quarter of October-December. Image: IANS