<p>GAIL (India) Ltd, the nation's largest gas utility, on Thursday reported a 51 per cent jump in its June quarter net profit on the back of bumper margins from gas marketing.</p>.<p>GAIL posted a consolidated net profit of Rs 3,250.95 crore, or Rs 7.34 per share, in April-June compared to Rs 2,157.15 crore, or Rs 4.81 a share, net profit in the same period a year back, the company said in a regulatory filing.</p>.<p>Sequentially, the profit was lower than Rs 3,473.77 crore net earnings in the January-March quarter.</p>.<p>The rise in year-on-year profit was on the back of bumper earnings from natural gas marketing.</p>.<p>The firm reported a pre-tax profit of Rs 2,317.91 crore from natural gas marketing in the first quarter of the current fiscal, as compared to Rs 449.84 crore pre-tax profit a year back and Rs 1,976.23 crore in the preceding quarter.</p>.<p>The margin on gas marketing made up for a 12.5 per cent decline in earnings from the gas transportation business and a 74 per cent drop in petrochemicals earnings.</p>.<p>Turnover more than doubled to Rs 38,033.30 crore in April-June quarter, from Rs 17,702.43 crore a year back, the filing showed.</p>.<p>GAIL said the earnings per share have been adjusted on account of a buyback of 1.28 per cent shares by the company.</p>.<p>Last month, the board of directors of the company had recommended the issue of one bonus share for two existing equity shares. </p>
<p>GAIL (India) Ltd, the nation's largest gas utility, on Thursday reported a 51 per cent jump in its June quarter net profit on the back of bumper margins from gas marketing.</p>.<p>GAIL posted a consolidated net profit of Rs 3,250.95 crore, or Rs 7.34 per share, in April-June compared to Rs 2,157.15 crore, or Rs 4.81 a share, net profit in the same period a year back, the company said in a regulatory filing.</p>.<p>Sequentially, the profit was lower than Rs 3,473.77 crore net earnings in the January-March quarter.</p>.<p>The rise in year-on-year profit was on the back of bumper earnings from natural gas marketing.</p>.<p>The firm reported a pre-tax profit of Rs 2,317.91 crore from natural gas marketing in the first quarter of the current fiscal, as compared to Rs 449.84 crore pre-tax profit a year back and Rs 1,976.23 crore in the preceding quarter.</p>.<p>The margin on gas marketing made up for a 12.5 per cent decline in earnings from the gas transportation business and a 74 per cent drop in petrochemicals earnings.</p>.<p>Turnover more than doubled to Rs 38,033.30 crore in April-June quarter, from Rs 17,702.43 crore a year back, the filing showed.</p>.<p>GAIL said the earnings per share have been adjusted on account of a buyback of 1.28 per cent shares by the company.</p>.<p>Last month, the board of directors of the company had recommended the issue of one bonus share for two existing equity shares. </p>