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GAIL (India) Limited (GAILF)
- Reuters
GAIL India tops Q3 profit view on gas transmission growth
GAIL (India), the country's largest gas distributor, reported a better-than-expected rise in quarterly profit on Monday, helped by increased gas transmission volume and elevated demand for petrochemicals. Revenue from the natural gas transmission segment surged 61.3% from the previous year, while revenue from petrochemicals nearly tripled. The average natural gas transmission volume rose 17.2% to 121.54 million metric standard cubic meters per day.
- Reuters
GAIL India posts Q2 profit beat on gas transmission volume strength
India's largest gas distributor GAIL (India) on Tuesday posted a bigger-than-expected rise in quarterly profit, buoyed by a boost in its gas transmission volume. "During the quarter the company has performed well, specially on the strength in gas transmission segment which will continue to perform better," Chairman Sandeep Kumar Gupta said in a statement. The state-run company's revenue from natural gas transmission segment rose 56% year-on-year.
