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GAIL reports 56% fall in Q1 consolidated net profit

14 Aug 2020 Evaluate

GAIL (INDIA) has reported results for the first quarter ended June 30, 2020.

The company has reported a fall of 80.16% in its net profit at Rs 255.51 crore for the quarter under review as compared to net profit of Rs 1,287.53 crore for the same quarter in the previous year. Total income of the company decreased by 33.22% at Rs 12,328.80 crore for Q1FY21 as compared Rs 18,462.64 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 56.43% in its net profit attributed to owner at Rs 654.33 crore for the quarter under review as compared to net profit of Rs 1,501.95 crore for the same quarter in the previous year. Total income of the company decreased by 33.81% at Rs 12,339.12 crore for Q1FY21 as compared Rs 18,641.15 crore for the corresponding quarter previous year.

Peers
Company Name CMP
GAIL (India) 168.70
Gujarat Energy 224.10
Indraprastha Gas 145.25
Mahanagar Gas 1047.25
Adani Total Gas 577.25
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