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GAIL posts 28% YoY increase in Q3 profit

GAIL has reported 28.4% YoY increase in net profit at Rs.1262.22 crore for December quarter. Last year, in the same quarter it had reported a profit of Rs.982.92 crore.

The board of the company has also announced issuance of one bonus share for 3 existing shares. Sales for the quarter increased 17.01% to Rs.14,414.34 crore, as against Rs.12,318.56 crore in the same quarter, last year.

Further, margin for the quarter stood at 13.6%, as against 14.2% in the year ago quarter.

Read EquityPandit’s Technical Analysis of Nifty Energy


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