(Reuters) - State-run gas utility GAIL (India) Ltd posted a 50 percent jump in second-quarter profit on Monday, boosted by higher revenue from its natural gas marketing business.
Profit came in at 19.63 billion rupees ($268.86 million) for the three months ended Sept. 30, compared with 13.10 billion rupees a year earlier, the company said bit.ly/2zoe4Li.
Analysts on average had expected a profit of 15.31 billion rupees, according to Refinitiv data.
Revenue from operations jumped 55.3 percent to 192.75 billion rupees.
($1 = 73.0125 Indian rupees)
Reporting by Tanvi Mehta in Bengaluru; Editing by Sunil Nair and Subhranshu Sahu
