GAIL (India) rises on reporting 8-fold jump in Q3 consolidated net profit
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GAIL (India) is currently trading at Rs. 174.05, up by 2.35 points or 1.37% from its previous closing of Rs. 171.70 on the BSE.
The scrip opened at Rs. 175.15 and has touched a high and low of Rs. 175.15 and Rs. 171.70 respectively. So far 649512 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 175.15 on 30-Jan-2024 and a 52 week low of Rs. 91.00 on 03-Feb-2023.
Last one week high and low of the scrip stood at Rs. 175.15 and Rs. 156.20 respectively. The current market cap of the company is Rs. 112894.46 crore.
The promoters holding in the company stood at 51.90%, while Institutions and Non-Institutions held 41.52% and 6.59% respectively.
GAIL (India) has reported over 11-fold jump in net profit at Rs 2842.62 crore for the quarter ended December 31, 2023 as compared to Rs 245.73 crore for the same quarter in the previous year. However, total income of the company decreased by 2.78% at Rs 35065.60 crore for Q3FY24 as compared Rs 36069.28 crore for corresponding quarter of the previous year.
On consolidated basis, the company reported 8-fold jump in its net profit at Rs 3193.34 crore for Q3FY24 as compared to Rs 397.59 crore for the same quarter in the previous year. However, total income of the company decreased by 3.32% at Rs 35181.78 crore for Q3FY24 as compared Rs 36389.65 crore for corresponding quarter of the previous year.
