GAIL Q4 profit grows 10% to Rs 1,122 crore; firm announces 1:1 bonus issue

NEW DELHI: State-run GAIL on Monday reported a 9.92 per cent year-on-year (YoY) rise in profit at Rs 1,122.23 crore for March quarter.

The company had reported Rs 1,020.92 crore profit in the same quarter last year.

Revenue rose 21.6 per cent to Rs 18,764 crore compared with Rs 15,431 crore in the corresponding quarter last year.


Ebitda came in at Rs 1,684 crore against year-ago quarter's Rs 1,695 crore. Margin for the quarter stood at 8.9 per cent against 10.9 per cent on a yearly basis.

The board of the company has approved a bonus issue in the ratio of 1:1. The board has also recommended a final dividend of Rs 1.77 per equity share of Rs 10, amounting to Rs 399.15 crore.

At around 2 pm, the scrip of the company was trading 1.88 per cent higher at Rs 347.50 after the announcement of quarterly earnings numbers.