GAIL net jumps 40% on higher gas margins

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State gas utility GAIL India Ltd on Friday reported a 40 per cent jump in its March quarter net profit as margins on natural gas sales rose.

Net profit in January-March at Rs 2,683.11 crore was higher than Rs 1,907.67 crore in the same period a year back, according to the company's regulatory filing.

Revenue from operations rose to Rs 26,968.21 crore from Rs 15,549.07 crore in January-March 2021.

For the full fiscal ending March 31, the company reported its highest ever net profit of Rs 10,363.97 crore, against Rs 4,890.18 crore in the previous year.

Pre-tax earnings from natural gas marketing jumped to Rs 1,725.93 crore in the fourth quarter of 2021-22, up from Rs 280.89 crore a year back.