New Delhi: State-run Gail India posted a surge of 44.57% in its net profit to Rs910.82 crore for the fourth quarter ended March 2010, against Rs630.02 crore of the corresponding period a year earlier.
The total income of the government-run gas utility increased to Rs6,670.69 crore during the January-March period of FY10, from Rs6,345.95 crore of the same quarter a year ago, it said in a filing to the Bombay Stock Exchange.
The company has declared a final dividend of 55% (Rs5.50 per share) for FY10.
For the year ended 31 March, Gail posted a net profit of Rs3,139.84 crore, 12% higher than Rs2,803.70 crore in the previous fiscal.
The total income of the firm also rose to Rs25,537.50 crore during the financial year 2009-10, from Rs24,695 crore in the previous fiscal.