GAIL (India) was off 1.9% at Rs 362.60 at 9:57 IST on BSE after net profit fell 31.74% to Rs 424.14 crore on 6.65% decline in total income to Rs 12643.86 crore in Q1 June 2015 over Q1 June 2014.
GAIL (India) announced the first quarter results after trading hours yesterday, 23 July 2015.
The stock hit a high of Rs 364 and a low of Rs 357.40 so far during the day. The stock had hit 52-week low of Rs 354 on 28 April 2015. The scrip had hit record high of Rs 551.35 on 31 October 2014.
On BSE, so far 42,448 shares were traded in the counter as against average daily volume of 76,769 shares in the past one quarter.
The large-cap state-run company has an equity capital of Rs 1268.48 crore. Face value per share is Rs 10.
GAIL (India) said that the decline in profit was mainly due to lower price realization of liquefied petroleum gas (LPG), other liquid hydrocarbons and petrochemicals and reduced production of LPG, reduced production of petrochemicals due to shut down in Pata petrochemical plant and increase in interest and depreciation charges due to commissioning of petrochemical expansion.
There was no subsidy sharing burden for GAIL (India) in Q1 June 2015. The company had shared Rs 500 crore towards LPG subsidy in Q1 June 2014.
State-run GAIL (India) is India's major natural gas company. Its operations include gas transmission, marketing and processing, transmission of liquefied petroleum gas (LPG) and production and marketing of petrochemicals. The company has extended its presence in liquefied natural gas (LNG) sourcing and re-gasification and city gas distribution. The Government of India holds 56.11% stake in GAIL (India) (as per the shareholding pattern as on 30 June 2015.
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