GAIL (India), the largest gas transmission and marketing company in India, witnessed a fall in share price on Tuesday after the company disclosed a substantial drop in standalone net profit for the quarter ended March 2017.  During the quarter, the profit of the company declined 68.73% to Rs 2,602 million from Rs 8,321 million  in the same quarter last year.

Revenues for the quarter  rose 15.86% to Rs 136,741 million, compared with Rs 118,024 million for the prior year period.

Operating margin for the quarter stood at 11.37 percent  as compared to 10.72 percent for the previous year period.  Operating Income for the quarter was Rs 15,553.40 million, compared with Rs 12647.8 million in the previous year period.

Shares of GAIL (India)  are trading at Rs 375.90, down Rs 15.25, or 3.90%  at the Bombay Stock Exchange (BSE) on Tuesday at 11:27 a.m.

The scrip has touched an intra-day high of Rs 381.00 and low of Rs 365.30. The total volume of shares traded at the BSE is 326,420.

Total volume of shares traded on the bourses today was higher by 127.47% to 6,705,449 compared with 22-day average volume of 2,947,823.