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BSE   26 Nov 14 | 09:28 AM

485.60 8.45 (1.77%)
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Code: 532155
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NSE   26 Nov 14 | 09:19 AM

484.55 7.3 (1.53%)
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Code: GAIL
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1 Week : Rs 478.65 (1.45%)
1 Month : Rs 480.75 (1.01%)
1 Year : Rs 328.75 (47.71%)
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GAIL profit dips 38% in Jan-Mar

Press Trust of India / New Delhi 30 May 12 | 05:04 PM

State gas utility GAIL India Ltd today reported 38% drop in its March quarter net profit because of higher fuel subsidy outgo.

The net profit in January-March at Rs 483 crore was down 38% from Rs 783 crore a year ago, GAIL Chairman and Managing Director B C Tripathi told reporters here.

"Our subsidy outgo rose 51% to Rs 3,183 crore in 2011-12 as against Rs 2,111 crore in the previous year," he said.

Sales rose 18% to Rs 8,894 crore.

Sensex

Company Price Gain (%)
ITC364.552.49
GAIL (India)485.601.77
M & M1,268.000.95
O N G C389.400.93
NTPC141.100.79

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