The company's Q2 net profit fell 60.8 percent at Rs 20 crore against Rs 51 crore in the same quarter last fiscal.
Its net profit stood at Rs 61.85 crore in the year-ago period, the company said in a regulatory filing.
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 past year.
Net interest income-the difference between interest earned and expended-was up by 8.58 per cent from a year ago to Rs 3,720 crore. During the quarter ended September, 2017, the bank had made a provision of Rs 162.94 crore under Insolvency and Bankruptcy Code (IBC).
Bangladesh arson attack on houses of Hindus: 53 arrested
At least 30 houses belonging to Hindus in Thakurpara village, some 300km from the Bangladeshi capital Dhaka, were then torched, local media said.
Revenue from operation of the company jumped 2.64 per cent year-on-year to Rs 12,409.65 crore during the quarter under review against Rs 12058.48 crore in the same quarter last year.
The construction firm recently got an order from the government to redevelop 10 railway stations with airport-like amenities at a cost of Rs 5,000 crore.
GAIL's share price at the Bombay Stock Exchange (BSE) today closed at Rs 456.45, up 0.26 per cent as compared to previous close.