GAIL Q3 NET SLUMPS BY 25%

Highlights:

• The net profit in the Q3 2019 is lower than that recorded in 2018 for the same period.
• The petrochemical business posted a loss of Rs. 8.51 crores compared to a pre-tax profit of Rs. 29.71 crores in 2018.
• GAIL has declared an interim dividend of 64 percent for 2019-20.

Today, the state-owned gas utility GAIL India has reported a drop in profit by 25% in the ....