You are here: Home » News-CM » Equities » Hot Pursuit
Business Standard

Gail (India) slips as Q3 revenue slides 12%

Business Finance

Capital Market 

On a consolidated basis, Gail (India)'s net profit jumped 12.93% to Rs 2,029.51 crore in Q3 December 2019 (Q3 FY20) as against Rs 1,797.04 crore reported in Q3 December 2018 (Q3 FY19).

Revenue from operations declined 11.52% year-on-year (Y-o-Y) to Rs 17,898.16 crore in Q3 FY20. The Q3 earnings were announced during trading hours today, 10 February 2020.

Profit before tax gained 5.48% to Rs 2,816.31 crore Y-o-Y. Current tax expenses fell 5.67% to Rs 698.55 crore during the period under review.

The board has declared an interim dividend of Rs 6.40 per equity share.

GAIL (India) is an integrated energy company in the hydrocarbon sector and is engaged in gas marketing. As of 31 December 2019, the Government of India held 52.68% stake in the company.

Shares of GAIL (India) fell 1.59% to Rs 121.05 on BSE. The scrip hovered in the range of Rs 125 to Rs 120.65.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, February 10 2020. 14:40 IST