 "GAIL Q4 profit falls to Rs 260 cr on impairment charge")
State-run gas utility GAIL (India) Ltd posted a 69 percent fall in fourth-quarter profit on account of impairment charge on an investment.
Net profit fell to Rs 260 crore in the quarter ended March 31, from Rs 832 crore in the year-ago period, GAIL said on Monday.
The gas marketing company said it took a charge of Rs 788 crore in the quarter.
($1 = 64.5400 rupees)