Monday 13th July 2020

GAIL Q4 results: Consolidated profit raises to 215% YoY to Rs 4,813 crore

Jun 24th, 2020 8:44 pm | By | Category: LATEST NEWS


(THE NEWSMAN OF INDIA.COM)
GAIL (India) on Wednesday posted 215.92 per cent year-on-year (YoY) growth in consolidated net profit at Rs 4,813.88 crore for the quarter ended March 31. It had reported a net profit of Rs 1,523.73 crore in the corresponding period last year.
Consolidated revenue of the company declined 5.97 per cent YoY to Rs 17,938.08 crore in Q4FY20.

The company received a tax credit of Rs 1,215.18 crore during the quarter under review.Shares of the company traded 3.78 per cent higher at Rs 103 after the announcement of financial results, while the benchmark BSE Sensex traded 51 points down at 35,379 at around 1.20 pm (IST).

With a net worth of Rs 41,853.99 crore, the debt-to-equity ratio of the company stood at 0.09x as of March 31.On a standalone basis, net profit of the company increased 169 per cent year-on-year to Rs 3,018.20 crore during the quarter under review.

Source https://www.google.com/amp/s/m.economictimes.com/markets/stocks/earnings/gail-q4-results-consolidated-profit-jumps-215-yoy-to-rs-4813-crore/amp_articleshow/76549824.cms

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