Should India be able to decouple itself from US Subprime Impact?

Friday, August 10, 2007

Result analysis: GAIL net up 15% in Jun`07 qtr

GAIL (India) has announced a steady growth in its net profit for the quarter ended June 2007. During the quarter, the company reported a 15.73% rise in profit to Rs 6852.20 million from Rs 5920.80 million in the corresponding quarter last year.

Net sales for the June 2007 quarter rose 4.10%, to Rs 42456.80 million, compared with the quarter ended June 2006.

Operating margins rose to 24.47% during the period in comparison from 7.10% a year ago, a climb of 1736.18 basis points (bps)

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