GAIL Q3 net up 13% at Rs 1,091 cr

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GAIL Q3 net up 13% at Rs 1,091 cr
Gas Authority of India Ltd (GAIL) has reported a growth of 12.8 per cent in net profits for the third quarter ended December 31, 2011 at Rs 1,091.42 crore.

The company had posted the net profits of Rs 967.63 crore during the same period a year ago, said the company in its filing to the Bombay Stock Exchange on January 23, 2012.

Meanwhile, the net sales of the company also increased 34.6 per cent to Rs 11,259.78 crore during Q3 FY12, as compared to Rs 8,364.99 crore during Q3 FY11.

Company's revenues soared despite sharing the under-recoveries on LPG with the government. During the Q3 FY12, such discount on LPG amounted to Rs 536.12 crore as against Rs 417.68 crore during Q3 FY11.

On Tuesday, shares of the company were trading at Rs 368.80 down by 1.15 points or 0.31%.

Dion Global Solutions Ltd

Read more about: gail india, bse, revenue, results
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