GAIL (India) inches up after strong Q4 results

The company announced Q4 results during trading hours today, 28 May 2013.

Meanwhile, the S&P BSE Sensex was up 111.05 points or 0.55% at 20,141.82.

On BSE, 1.87 lakh shares were traded in the counter as against average daily volume of 56,806 shares in the past one quarter.

The stock hit a high of Rs 335 and a low of Rs 325.20 so far during the day. The stock had hit a 52-week high of Rs 396 on 5 October 2012. The stock had hit a 52-week low of Rs 300.40 on 26 March 2013.

The stock had underperformed the market over the past one month till 27 May 2013, sliding 7.13% compared with the Sensex's 3.86% rise. The scrip had also underperformed the market in past one quarter, declining 2.37% as against Sensex's 4.59% gain.

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

GAIL (India)'s net profit rose 10.08% to Rs 4022.20 crore on 17.51% growth in total income from operations to Rs 47522.69 crore in the year ended 31 March 2013 (FY 2013) over the year ended 31 March 2012 (FY 2012).

On consolidated basis, GAIL (India)'s net profit declined 1.57% to Rs 4373.60 crore on 15.53% growth in total income from operations to Rs 51094.43 crore in FY 2013 over FY 2012.

GAIL (India)'s under recoveries from the discounted sale of LPG declined 57.99% to Rs 587.18 crore in Q4 March 2013 over Q4 March 2012. The company's under recoveries on LPG declined 15.56% to Rs 2687.18 crore in FY 2013 over FY 2012.

GAIL (India)'s board of directors at a meeting held today, 28 May 2013, recommended final dividend of Rs 5.60 per share for FY 2013.

GAIL (India) is India's flagship gas transmission and marketing company with global footprints. The Government of India (GoI) holds 57.34% stake in GAIL (India) (as per the shareholding pattern as on 31 March 2013).

Powered by Capital Market - Live News