Gail India slips despite reporting 57% rise in Q4 net profit

GAIL (India) is currently trading at Rs. 379.95, down by 30.10 points or 7.34% from its previous closing of Rs. 410.05 on the BSE. The scrip opened at Rs. 403.00 and has touched a high and low of Rs. 403.00 and Rs. 378.30 respectively. So far 255031 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 439.00 on 26-May-2014 and a 52 week low of Rs. 273.00 on 28-Aug-2013. Last one week high and low of the scrip stood at Rs. 439.00 and Rs. 400.00 respectively. The current market cap of the company is Rs. 48202.14 crore. The promoters holding in the company stood at 56.11 % while Institutions and Non-Institutions held 40.09 % and 2.40 % respectively. Gail (India) has reported a rise of 57.24% in its net profit at Rs 972.03 crore for fourth quarter and year ended March 31, 2014 as compared to Rs 618.18 crore for the same quarter in the previous year. Total income of the company increased by 17.56% at Rs 14977.89 crore for quarter under review as compared to Rs 12740.29 crore for the quarter ended March 31, 2013. For the year ended March 31, 2014, the company has posted a jump of 8.77% in its net profit at Rs 4375.27 crore as compared to Rs 4022.20 crore for the same period in the previous year. Total income of company improved by 25.95% at Rs 58406.45 crore for year under review as compared to Rs 48287.20 crore for the period ended March 31, 2013. For the year ended March 31, 2014, on the consolidated basis, the company has posted a rise of 9.43% in its net profit at Rs 4786.22 crore as compared to Rs 4373.60 crore for the same period in the previous year. Total income of company has increased by 21.01% at Rs 62836.52 crore for year under review as compared to Rs 51923.71 crore for the period ended March 31, 2013.