GAIL posts 244% rise in net profit in June quarter
State-owned natural gas processor GAIL on Wednesday reported a 244% year-on-year rise in net profit to ₹1,335 crore for the quarter ended June. The rise was attributed to an increase in natural gas sales and transmission volumes, a company statement read. However, the company's total income from operations fell by 14.1% to ₹10,851.8 crore during the period under review.