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Old June 23rd, 2016, 03:37 PM
Default Gail Q3

Please provide me the information about the 3rd quarter results for GAIL India Limited as I like to know the performance of the company as I hold quite a few shares of the company?
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Old June 23rd, 2016, 05:06 PM
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Default Re: Gail Q3

GAIL India Ltd, the nation's greatest regular gas supplier, today reported a 10 for every penny ascend in its December quarter net benefit on spike in edges and exclusion from installment of fuel appropriation.

Net benefit of Rs 664.26 crore, or Rs 5.24 for each offer, in October-December 2015 was 9.96 for each penny higher than Rs 604.08 crore, or Rs 4.76 an offer, in the same period a year back, the organization said in an administrative recording.

Turnover fell 10 for every penny to Rs 13,451.58 crore in the second from last quarter on lower gas volumes transported through the organization's pipelines.

Lower gas value saw its income from promoting of regular gas shrink 11 for each penny to Rs 11,686.53 crore in the second from last quarter finished December 31 however its benefit from business climbed very nearly ten times - from Rs 51.14 crore in October-December 2014 to Rs 483.42 crore in current financial.

Additionally, the organization was not required to pay any fuel appropriation in the quarter rather than Rs 500 crore payout in the same period a year prior.

GAIL and also upstream oil and gas makers ONGC and Oil India need to make great a segment of misfortunes retailers bring about on offering local cooking gas (LPG) and lamp fuel at government controlled rates.

The organization's profit from gas transmission business fell 16 for each penny to Rs 427.69 crore on lower volumes of gas transported while it posted lost Rs 160.56 crore on petrochemical deals.

GAIL additionally said its Board of Directors affirmed installment of break profit of 25 for each penny (Rs 2.50 for every value offer) for the 2015-16 financial.
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