GAIL (India) Ltd reported a 56% rise in profit for the quarter ended September 2023. Net profit rose to Rs 2405 crore in Q2 against a net profit of Rs 1537.07 crore in the September 2022 quarter.

However, GAIL’s total revenue fell 17.32% to Rs 31,822.62 crore in Q2 against Rs 38490.89 crore in the corresponding period of the preceding fiscal.

Profit before tax climbed 67 percent to Rs 3130.10 crore in the second quarter of this fiscal over Rs 1875.91 crore in the corresponding period of the previous fiscal.

Earnings per share of GAIL rose to Rs 3.66 in Q2 of this fiscal against Rs 2.34 in the September 2022 quarter.