GAIL India quarter 4 net down 21.82 per cent

Mumbai, April 28: The public sector gas transporter, GAIL India Ltd has posted a net profit of Rs 409.26 crore for the quarter ended March 31, 2006, as compared to Rs 523.53 crore for the corresponding quarter previous year, a decline of 21.82 per cent.

The company said its total income has increased from Rs 3663.14 crore in Q4 FY 04-05 to Rs 4292.22 crore for Q4 FY 05-06.

It has posted a net profit of Rs 2310.07 crore for the year ended March 31 (FY 05-06) as compared to Rs 1953.91 crore for the year ended March 31 (FY 04-05).

Total income has increased from Rs 13940.43 crore in FY 04-05 to Rs 16806.83 crore for FY 05-06.

The Board of Directors of the company has recommended payment of final dividend at 20 per cent on the paid-up share capital of the company for the Financial Year 2005-06, which is in addition to interim dividend at 60 per cent and special interim dividend at 20 per cent on the paid-up share capital, already declared and paid.

UNI