Minda Corporation Q2 net up 8% to Rs 42 cr

GAIL Q2 Profit Soars 41% To Rs1,309.4 Crore

The company reported net loss of Rs 19.39 crore in the corresponding period a year ago.

Its second half losses thus stood at Rs. 556.3 crore against the Rs. 81.89 crore net profit a year earlier.

Bella Casa Fashion & Retail Ltd. has reported financial results for the period ended September 30, 2017.

GAIL, which owns the biggest natural gas pipeline network in the country, earned Rs 853.48 crore pre-tax profit from gas transmission business in the quarter as compared to Rs 660.74 crore previous year. During the quarter ended September, 2017, the bank had made a provision of Rs 162.94 crore under Insolvency and Bankruptcy Code (IBC). Gross non-performing assets (NPAs) in absolute term rose 15.8 per cent year-on-year to Rs 12,892.67 crore during the period under review.

Earnings from natural gas marketing rose 27 per cent to Rs 419.74 crore while the same from petrochemical business almost halved to Rs 88.81 crore. Income from other sources were up 11.20 per cent to Rs 1,737 crore.

On Tuesday, shares of Grasim Industries fell 1.06% to Rs1,209.05 on BSE while the benchmark Sensex shed 0.28% to end the day at 32,941.87 points.



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