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Gail (India) posts 42 pct jump in Q2 profit, beats estimates
November 14, 2017 / 10:25 AM / 9 days ago

Gail (India) posts 42 pct jump in Q2 profit, beats estimates

Nov 14 (Reuters) - State-run gas utility Gail (India) Ltd on Tuesday reported a 42 percent jump in second-quarter profit, beating analysts’ estimates.

Profit from continuing operations came in at 13.10 billion rupees ($200.37 million) for the quarter ended Sept. 30, compared with 9.25 billion rupees a year earlier, the company said in a filing on Tuesday. bit.ly/2iTawIS

Analysts, on average, had expected a profit of 11.15 billion rupees, according to Thomson Reuters Eikon data.

Revenue from operations rose about 3 percent to 124.10 billion rupees. ($1 = 65.3800 Indian rupees) (Reporting by Krishna V Kurup in Bengaluru; Editing by Vyas Mohan)

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