NEW DELHI: State-run gas utility GAIL’s net profit vaulted 77% to Rs 3,183 crore in the first quarter compared Rs 1,793 crore a year ago, helped by a 40% rise in gas transportation business and doubling of marketing margins. tnn
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GAIL net profit vaults 77% to Rs 3,183 crore in Q1
GAIL’s net profit surged 77% to Rs 3,183 crore in Q1, compared to Rs 1,792.9 crore a year earlier. This increase was driven by a 40% rise in its gas transportation business and a doubling of marketing margins. The company spent Rs 1,659 crore during the April-June period on pipelines, petrochemicals, and joint venture equities.
GAIL’s net profit surged 77% to Rs 3,183 crore in Q1, compared to Rs 1,792.9 crore a year earlier. This increase was driven by a 40% rise in its gas transportation business and a doubling of marketing margins. The company spent Rs 1,659 crore during the April-June period on pipelines, petrochemicals, and joint venture equities.
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Axis Bank reported a net profit of Rs 6035 crore for the quarter ended June 2024, a 4% increase over Rs 5797 crore from the same period last year. Loan loss provisions rose by 22% due to increased slippages. Advances and deposits grew by 14% and 13% respectively.
Axis Bank reported a net profit of Rs 6035 crore for the quarter ended June 2024, a 4% increase over Rs 5797 crore from the same period last year. Loan loss provisions rose by 22% due to increased slippages. Advances and deposits grew by 14% and 13% respectively.
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