GAIL Q3 results show revenue decline and widening losses
pre-market1 source ↓written by the desknot a recommendation
- to ₹1
- 27.6% revenue decline
- from 9.1
- 7.8%
GAIL (India) Ltd. reported a 27.6% revenue decline to ₹1,602.6 crore for Q3, down from ₹2,212.2 crore last year. EBITDA dropped 17% to ₹2,655.2 crore, with margins contracting to 7.8% from 9.1%. The Transmission Services EBIT fell to ₹1,506 crore from ₹1,541 crore last quarter.
These results may raise concerns among investors regarding profitability and operational efficiency.
Not investment advice. For informational purposes only.