Q4FY17 result : GAIL (India)
GAIL (India) reported its results for the quarter ended March 31, 2017 on Monday.
The company's total sales for Q4FY17 came in at Rs 13421.7 crore., which represents a 10.9 per cent sequential increase and 15.8 per cent YoY increase.
Its operating profit (EBIT) for the quarter amounted to Rs 1177.9 crore and its EBIT margin stood at 8.8 per cent.
The company reported PAT of Rs 496.2 crore, which represents a sequential QoQ decline of 49.5 per cent and a YoY decline of 40.4 per cent.
The board of directors has recommended a final dividend of Rs. 2.7 per equity share for FY16-17.
The stock opened at Rs 406 and touched an intra-day low of Rs 388.25 on the BSE.
GAIL is engaged in the business of transmission of natural gas, liquid hydrocarbon, LPG transmission, petrochemicals, city gas distribution, E&P and Power.