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Gail Q4 profit surges 44% to Rs910 cr, declares 55% dividend

Gail Q4 profit surges 44% to Rs910 cr, declares 55% dividend
PTI
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First Published: Mon, May 17 2010. 04 35 PM IST
Updated: Mon, May 17 2010. 04 35 PM IST
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.
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First Published: Mon, May 17 2010. 04 35 PM IST
More Topics: Gail | Company results | Profit | Dividend | BSE |