GAIL (India), the largest gas transmission and marketing company in India, witnessed a fall in share price on Wednesday after the company announced a  drop in standalone net profit for the quarter ended September 2015.  During the quarter, the profit of the company declined 66.19% to Rs 4,405.10 million from Rs 13,029 million  in the same quarter last year.

Revenues for the quarter  rose marginally 0.33% to Rs 144,666.80 million, compared with Rs 144,185 million for the prior year period.

Operating margin for the quarter stood at 5.84 percent  as compared to 14.03 percent for the previous year period. Operating Income for the quarter was Rs 8,444.20 million, compared with Rs 20222.3 million in the previous year period.

Earnings per share for the quarter stood at Rs 3.00, registering 70.00% decline over previous year period.

Shares of G A I L (India) are trading at Rs 303.25, down Rs 4.20, or 1.37% at the Bombay Stock Exchange (BSE) on Wednesday at 9:43 a.m.