GAIL (India) Limited’s revenues in Q2FY23 rose 78% to ₹ 3,011 crores. Consolidated Profit came at ₹ 1,315 crores showcasing a 54% fall YoY over the corresponding period.
In this quarter’s results, the reports suggested that the firm has observed a fall in profits due to an drastic increase in expenses. Especially, the increase in Purchase of Stock in Trade.