Gail Q2 results: Consolidated net profit up 10.2% at Rs 2,693 crore

Quick Summary:

This is about 44 per cent of the annual capital expenditure target of Rs 8,044 crore.

Net profit rose to Rs 2,693.5 crore, up from Rs 2,444.05 crore in the year-ago period.

This included purchases of Rs 24,518 crore worth of stock in trade in Q2, 6.78 per cent lower than the Rs 26,303.5 crore worth of purchases made in Q2 FY24.

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Category: BusinessFinance

Markets: India

Topics: Indian companies Gail Q2 results Natural gas price

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-05 @ 18:56:25 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 458 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23431605

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