Gail Q4 profit surges 44% to Rs 910 cr, declares 55% dividend | business | Hindustan Times
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Gail Q4 profit surges 44% to Rs 910 cr, declares 55% dividend

State-run Gail India today posted a surge of 44.57 per cent in its net profit to Rs 910.82 crore for the fourth quarter ended March 2010, against Rs 630.02 crore of the corresponding period a year earlier.

business Updated: May 17, 2010 16:31 IST

State-run Gail India on Monday posted a surge of 44.57 per cent in its net profit to Rs 910.82 crore for the fourth quarter ended March 2010, against Rs 630.02 crore of the corresponding period a year earlier.

The total income of the government-run gas utility increased to Rs 6,670.69 crore during the January-March period of FY'10, from Rs 6,345.95 crore of the same quarter a year ago, it said in a filing to the Bombay Stock Exchange.

The company has declared a final dividend of 55 per cent (Rs 5.50 per share) for FY'10.

For the year ended March 31, Gail posted a net profit of Rs 3,139.84 crore, 12 per cent higher than Rs 2,803.70 crore in the previous fiscal.

The total income of the firm also rose to Rs 25,537.50 crore during the financial year 2009-10, from Rs 24,695 crore in the previous fiscal.