“The standalone net profit after taxes (PAT) of the company stood at Rs 330.42 crore during the same period a year ago,” said Gail (India) Ltd in a filing to the Bombay Stock Exchange on November 15, 2016.
However, it’s standalone total income declined by 15 per cent to Rs 12,375.09 crore during Q2 2016-17, as compared to Rs 14,558.58 crore during the same period last year.
“During the quarter, its petrochemical business has seen a turnaround with sales jumping 61 per cent on y-o-y basis,” the company said in a statement.
“The increase in net profit during Q2 was also supported by increase in Natural Gas Marketing & Transmission volumes by 8 per cent and 12 per cent respectively and Liquid Hydrocarbon sales by 9 per cent,” it added.
Meanwhile, shares of the company closed at Rs 435.95 apiece, down 0.60 per cent, from previous close on BSE.