GAIL Q4 net profit up 10% to Rs 1,122 crore over higher gas sale margins
State-run GAIL India reported a 10 per cent increase in net profit, at Rs 1,122 crore, for the fourth and final quarter of 2018-19 over the same period in 2017-18. The rise was due to higher margins on gas sale and transmission. Total income for the January-March period rose 25 per cent to Rs 19,630 crore.
The board of directors has approved one fully paid-up bonus share for every one equity share already held. During the quarter, the company’s physical performance grew in all segments from a year before. The volume of natural gas marketed rose 10 per cent, transmission volume was up three per cent and of petrochemicals by 12 per cent.
