GAIL Shares plunge as net profit margin falls
The operating margin is at 6.50% on quarterly basis while net profit margin is at 5.76%, declines by 5.3%.
State-run Gas Utility firm GAIL (India) Ltd has announced the fourth quarter results of the FY24-25 where Net Profit After Tax is at Rs 2,049.03 crore, fallen by around 180 basis points from previous quarter. For the financial year ending it is at Rs 11,312.32 crore.
The operating margin is at 6.50% on quarterly basis while net profit margin is at 5.76%, declines by 5.3%. Revenue from operation is at Rs 35,707.45 crore and the total income is at Rs 36,273.87.87 crore.
The shares of GAIL have plunged by 2.35 percent at Rs 183.39. The stock opened at Rs 188.73. The shares are struggling by -2.97 percent from the past five days, consecutively. The market capitalisation is at Rs 1.21 lakh crore and the 52-week high is at Rs 246.30. The average price target as per trendlyne is Rs 221.20.
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The Board of the Company has recommended the payment of Final Dividend @ 10% (Re. 1.00 per equity share) on the paid-up equity share capital of the Company, subject to approval of shareholders in the ensuing Annual General Meeting.
The record date for payment of Final Dividend would be intimated in due course.
Share of Gail were down 2.35% at Rs 183.39 apiece at NSE on Tuesday.
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