Gail India posts 68% drop in consolidated PBT at Rs 728.74 cr in Q1

The company's revenue from operations also saw a decline of 34 per cent for the quarter ended June 30 to Rs 12,180.62 crore as against Rs 18,481.56 crore in Q1FY20

State-run gas utility Gail (India) on Thursday posted a 68 per cent drop in consolidated pre-tax profit, or PBT, for the first quarter, hurt by low price realisation in some segments.

It reported a PBT of Rs728.74 crore in the first quarter of the financial year 2020-21 (Q1FY21), compared to Rs2,307.46 crore during the corresponding period in FY20.

The company’s revenue from operations also saw a decline of 34 per cent at Rs12,180.62 crore against Rs18,481.56 crore during the corresponding quarter in 2019-20.