Gail India Q3 net profit zooms 240 per cent

State-owned GAIL (India) Ltd said on Monday that its net profit has jumped 240 per cent to Rs 860 crore for the quarter ended December 31, 2009 as against Rs 345 crore in the same period last year.

State-owned GAIL (India) Ltd said on Monday that its net profit has jumped 240 per cent to Rs 860 crore for the quarter ended December 31, 2009 as against Rs 345 crore in the same period last year.

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Turnover rose to Rs 6,187 crore for the third quarter ended December 31, against

Rs 5,812 crore in the same period previous fiscal, the company’s chairman and managing director, B.C. Tripathi said.

On the Bombay Stock Exchange, 5.19 lakh shares were traded in the counter as against an average daily volume of 2.51 lakh shares, and the stock hit an all-time high of Rs 440.50.