GAIL (Gas Authority of India Limited) on Monday reported a 33.2 per cent quarter-on-quarter (QoQ) decline in its net profit at Rs 1,122.23 crore for the fourth quarter (January-March period) of the financial year 2018-19 (FY19). The company had logged Rs 1,681.23 crore in the previous quarter.
On year-on-year (YoY) basis, the numbers grew 9.9 per cent.
The company announced bonus issue in the ratio of 1:1, which means the issuance of one share for every one share held. It also recommended a final dividend of Rs 1.77 per share.
Revenue from operations stood at Rs 18,763.87 crore, up 21.6 per cent against
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