GAIL (India) Q1 PAT surges 52% YoY

4 Aug 2022 , 02:39 PM

Profit before tax stood at Rs 4,230.16 crore in Q1 FY23, up by 66.5% from Rs 2,540.25 crore in Q1 FY22. Total expenses spiked 118.9% year on year to Rs 34,130.72 crore in the quarter ended 30 June 2022. Cost of material consumed soared 120.6% to Rs 4,056.03 crore and employee benefits expenses rose 5% to Rs 472.56 crore in Q1 FY23 over Q1 FY22. Meanwhile, the board of directors of the company in its meeting held on 27 J uly 2022 recommended issue of one bonus share of Rs 1.10 each for two existing equity shares of 1.10 each fully paid up, subject to approval of the shareholders on 26 August 2022. The state-owned GAIL (India) is one of the largest natural gas processing & distribution company. The Government of India held 51.89% stake in Gail (India) as on 30 June 2022. Shares of GAIL (India) lost 1.10% to Rs 139.10 on the BSE. Powered by Capital Market – Live News