|
|
Article: GAIL Q4 net dips 12.7 pc to Rs 630.02 crore.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- June 15, 2009
CopyrightCOPYRIGHT 2009 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
GAIL Q4 net dips 12.7 pc to Rs 630.02 crore
New Delhi, June 15 (PTI) -- State gas utility GAIL India has witnessed a 12.7 per cent drop in net profit at Rs 630.02 crore for the quarter ended March 31, 2009, due to lower price realisation and exploration and production cost.
The net profit in Q4 was lower than the Rs 722.38 crore in the same period of the previous fiscal, GAIL Chairman and Managing Director U D Choubey said.
The turnover, however, increased 24 per cent to Rs 6,104.31 crore in the January-March quarter from Rs 4,935.29 crore earlier.
For the 2008-09 fiscal, the company's profit after tax rose 8 per cent to Rs 2,803.7 ...