New Delhi: State-run gas utility GAIL (India) Ltd posted a 23 percent fall in first-quarter profit on Thursday, but beat analysts` expectations.
Profit came in at 10.26 billion rupees ($160.06 million) for the three months ended June 30, compared with 13.35 billion rupees a year earlier, the company said.
Analysts on average had expected GAIL to post a quarterly profit of 10.18 billion rupees, according to Thomson Reuters data.
Revenue from the company`s natural gas transmission services business rose 10 percent to 11.34 billion rupees in the quarter.
Zee News App: Read latest news of India and world, bollywood news, business updates, cricket scores, etc. Download the Zee news app now to keep up with daily breaking news and live news event coverage.
