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Gail (India) reports 90% fall in Q3 consolidated net profit

30 Jan 2023 Evaluate

Gail (India) has reported results for third quarter ended December 31, 2022 (Q3FY23).

The company has reported a fall of 92.53% in its net profit at Rs 245.73 crore for the quarter under review as compared to Rs 3287.99 crore for the same quarter in the previous year. However, total income of the company increased 36.48% at Rs 36069.28 crore for Q3FY23 as compared to Rs 26427.37 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported fall of 89.54% in its net profit at Rs 397.59 crore for the quarter under review as compared to Rs 3800.09 crore for the same quarter in the previous year. However, total income of the company increased 36.82% at Rs 36389.65 crore for Q3FY23 as compared to Rs 26597.03 crore for the corresponding quarter previous year.

Peers
Company Name CMP
GAIL (India) 172.00
Gujarat Energy 235.40
Indraprastha Gas 143.35
Mahanagar Gas 1047.60
Adani Total Gas 594.65
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