GAIL Q1 net dips 29%

GAIL, the nation's largest gas transmission and marketing company, today reported 29 per cent drop in first quarter net profit as it transported less gas while its LPG margins shrunk on drying up of supplies from Reliance Industries' KG-D6 gas fields.

Net profit in the April-June quarter at Rs 808.17 crore was 28.7 per cent lower than Rs 1,133.78 crore in the same period a year ago, GAIL chairman and managing director BC Tripathi told reporters here.

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