NMDC net profit up 10% at Rs

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State-owned gas transmission utility GAIL (India) today reported a 42 per cent jump in net profit for the quarter ended September on the back of improved performance of the liquid hydrocarbon and natural gas transmission and marketing segments.

The Company's PAT for the quarter ending September 30, 2017 rose to Rs. 1,310 crore from Rs. 925 crore in the corresponding quarter of the last fiscal.

It earned a pre-tax profit of Rs 853.48 crore from gas transmission business during the second quarter, as compared with Rs 660.74 crore in the same quarter past year.

The firm transported and marketed 5% more gas volumes in the July-September quarter, the statement said.

GAIL said all the business segments registered positive physical growth both sequentially and as compared with the corresponding quarter previous year.

An increase in realization and sales volume also led to a 52% rise in NMDC's turnover for the first half year of 2017-18 (H1FY18) to Rs 5,263 crore compared to H1FY17, while PBT was at Rs 2,809 crore in H1FY18 up 31% over H1FY17. Its second half losses thus stood at Rs. 556.3 crore against the Rs. 81.89 crore net profit a year earlier.

GAIL India ended at Rs 456.45, up Rs 1.20, or 0.26 percent on the BSE.