(Reuters) - State-run gas utility GAIL (India) Ltd on Monday posted a 28 percent jump in third-quarter profit, but missed analysts’ estimates.
Profit from continuing operations rose to 12.62 billion rupees ($196.22 million) for the quarter ended Dec. 31, from 9.83 billion rupees a year earlier, the gas marketing company said on Monday. bit.ly/2H7Suhj
Analysts, on average, had expected a profit of 12.99 billion rupees, according to Thomson Reuters data.
Revenue from operations rose 17 percent to 144.14 billion rupees.
($1 = 64.3150 Indian rupees)
Reporting by Tanvi Mehta and Vishal Sridhar in Bengaluru