GAIL (India) drops after weak Q4 outcome

GAIL (India) fell 2.25% to Rs 379.55 at 15:13 IST on BSE after net profit fell 47.45% to Rs 510.75 crore on 2.99% decline in total income to Rs 14529.95 crore in Q4 March 2015 over Q4 March 2014.

The result was announced during trading hours today, 27 May 2015.

Meanwhile, the BSE Sensex was up 8.53 points, or 0.03%, to 27,539.94

On BSE, so far 2.81 lakh shares were traded in the counter, compared with an average volume of 89,250 shares in the past one quarter.

The stock was volatile. The stock hit a high of Rs 388.95 and a low of Rs 371 so far during the day. The stock hit a record high of Rs 551.35 on 31 October 2014. The stock hit a 52-week low of Rs 354 on 28 April 2015.

The large-cap company has an equity capital of Rs 1268.48 crore. Face value per share is Rs 10.

There was no subsidy sharing burden for GAIL (India) in Q4 March 2015. The company had shared Rs 500 crore towards LPG subsidy in Q4 March 2014.

GAIL (India) is India's leading natural gas company with a presence along the entire hydrocarbon value chain spanning E&P, LNG, pipelines, LPG, petrochemicals, city gas distribution etc. The Government of India (GoI) holds 56.11% stake in GAIL (India) (as per the shareholding pattern as on 31 March 2015).

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