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Gail Q3 profit up 36% on LNG supplier compensation
Hindustan Times East UP
|January 31, 2025
The company had an exceptional income of ₹2,440 crore as compensation from a former unit of Russian energy giant Gazprom
NEW DELHI: State-owned gas utility Gail (India) Ltd on Thursday reported a 36% rise in net profit in the December quarter after a one-off gain from compensation received from an overseas LNG supplier for non-delivery of committed cargoes.
It posted a standalone net profit of ₹3,867.38 crore in the October-December period of FY25 compared with ₹2,842.62 crore in the year-ago period, India's biggest gas transportation and marketing company said in a stock exchange filing.
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