GAIL (India) fell 4.94% to Rs 389.80 at 9:16 IST on BSE after net profit rose 57.24% to Rs 972.03 crore on 16.57% rise in net sales to Rs 14464.29 crore in Q4 March 2014 over Q4 March 2013.
The result was announced after market hours on Monday, 26 May 2014.
Meanwhile, the BSE Sensex was down 113.24 points, or 0.46%, to 24,603.64.
On BSE, so far 36,000 shares were traded in the counter, compared with an average volume of 95,216 shares in the past one quarter.
The stock hit a high of Rs 403 and a low of Rs 381.80 so far during the day. The stock hit a 52-week high of Rs 439 on 26 May 2014. The stock hit a 52-week low of Rs 273 on 28 August 2013.
The stock had outperformed the market over the past one month till 23 May 2014, rising 10.76% compared with 7.94% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, rising 19.05% as against Sensex's 19.29% rise.
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The large-cap company has an equity capital of Rs 1268.48 crore. Face value per share is Rs 10.
GAIL (India)'s net profit rose 8.78% to Rs 4375.27 crore on 20.94% rise in net sales to Rs 57245.10 crore in the year ended March 2014 over the year ended March 2013.
In terms of the decision of the Government of India to share the under recoveries on LPG, the company has provided provisional discount of Rs 500 crore in Q4 March 2014 (Q4 March 2013: Rs 587.18 crore) and Rs 1900 crore in the year ended March 2014 (previous year: Rs 2687.18 crore), GAIL said in a statement.
GAIL (India) is India's flagship gas transmission and marketing company with global footprints. The Government of India (GoI) holds 56.11% stake in GAIL (India) (as per the shareholding pattern as on 31 March 2014).
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