State-run gas utility GAIL (India) Ltd posted a 69 percent fall in fourth-quarter profit on account of impairment charge on an investment.
Net profit fell to 2.60 billion rupees ($40.29 million) in the quarter ended March 31, from 8.32 billion rupees in the year-ago period, GAIL said on Monday. (bit.ly/2qLNrgP)
The gas marketing company said it took a charge of 7.88 billion rupees in the quarter.
($1 = 64.5400 rupees) (Reporting by Tanvi Mehta in Bengaluru; Editing by Sherry Jacob-Phillips)
This story has not been edited by Firstpost staff and is generated by auto-feed.
Your guide to the latest cricket World Cup stories, analysis, reports, opinions, live updates and scores on https://www.firstpost.com/firstcricket/series/icc-cricket-world-cup-2019.html. Follow us on Twitter and Instagram or like our Facebook page for updates throughout the ongoing event in England and Wales.
Updated Date: May 22, 2017 22:30:09 IST