Aug 10 (Reuters) - State-run gas utility GAIL (India) Ltd reported a 23 percent rise in first-quarter profit on Friday and beat analysts’ estimates.
Profit was 12.59 billion rupees ($182.61 million) in the three months ended June 30, compared with 10.26 billion rupees a year earlier, the company said bit.ly/2MwRh5n in a filing.
Analysts on average had expected a profit of 11.93 billion rupees, according to Thomson Reuters I/B/E/S.
Revenue from operations rose about 50 percent to 172.99 billion rupees. ($1 = 68.9450 Indian rupees) (Reporting By Arnab Paul in Bengaluru; Editing by Subhranshu Sahu)