GAIL (India) surges on reporting 2-fold jump in Q3 consolidated net profit

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GAIL (India) is currently trading at Rs. 147.15, up by 0.25 points or 0.17% from its previous closing of Rs. 146.90 on the BSE.

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gail group targets to provide 11 44 lakh piped cooking gas connections in fy20

The scrip opened at Rs. 149.70 and has touched a high and low of Rs. 151.90 and Rs. 146.80 respectively. So far 931881 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 171.35 on 06-Oct-2021 and a 52 week low of Rs. 125.20 on 20-Dec-2021.

Last one week high and low of the scrip stood at Rs. 151.90 and Rs. 142.45 respectively. The current market cap of the company is Rs. 65673.30 crore.

The promoters holding in the company stood at 51.80%, while Institutions and Non-Institutions held 42.88% and 5.32% respectively.

GAIL (India) has reported results for third quarter ended December 31, 2021.

The company has reported over 2-fold jump in its net profit at Rs 3287.99 crore for the quarter under review as compared to Rs 1487.33 crore for the same quarter in the previous year. Total income of the company increased by 65.92% at Rs 26,427.37 crore for Q3FY22 as compared Rs 15,927.59 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported 2-fold jump in its net profit at Rs 3,800.09 crore for the quarter under review as compared to Rs 1897.04 crore for the same quarter in the previous year. Total income of the company increased by 67.28% at Rs 26,597.03 crore for Q3FY22 as compared Rs 15,899.85 crore for the corresponding quarter previous year.

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