GAIL said all the business segments registered positive physical growth both sequentially and on year-on-year basis. Photo: Pradeep Gaur/MintNew Delhi:State-owned gas utility GAIL India Ltd on Tuesday reported a 41.6% jump in its second quarter profit as earnings from gas transportation and marketing business soared. GAIL, which owns the biggest natural gas pipeline network in the country, earned Rs853.48 crore pre-tax profit from gas transmission business in the quarter as compared to Rs660.74 crore last year. Earnings from natural gas marketing rose 27% to Rs419.74 crore while the same from petrochemical business nearly halved to Rs88.81 crore. On half yearly basis, net profit at Rs2,335 crore was 32% higher than year ago profit.

Source: Mint November 14, 2017 12:22 UTC