GAIL India Q3 consolidated net falls 6.5% to Rs 1,897 cr on tepid gas biz

Lower profit due to decline in natural gas marketing business

GAIL (India) has reported a 6.5 per cent drop in consolidated net profit to Rs 1,897.04 crore for the third quarter of financial year 2020-2021, from Rs 2,029.51 crore in the same quarter of the previous financial year.

The firm's total income during the period under review declined 12 pe cent to Rs 15,899.85 crore in the quarter ended December 31, 2020, from Rs 18,094.15 crore a year ago.

The company reported the steepest decline, at about 13 per cent, in segment revenue from the Natural Gas Marketing business. Revenue from this vertical, which holds the largest share within GAIL's