Moneycontrol
Feb 12, 2018 06:03 PM IST | Source: Moneycontrol.com

GAIL Q3 profit up 28%, revenue beat estimates but operating margin contracts; announces 1:3 bonus

GAIL said the board has recommended the issuance of one bonus share for existing three equity shares, subject to the shareholders approval.

 
 
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State-run natural gas processing and distribution company GAIL has reported profit growth of 28.4 percent year-on-year at Rs 1,262.2 crore for quarter ended December 2017 was lower than CNBC-TV18 poll estimates of Rs 1,321 crore.

Profit for year-ago quarter was at Rs 982.9 crore.

Revenue from operations during the quarter grew by 18.8 percent to Rs 14,414.3 crore compared to year-ago was ahead of estimates of Rs 13,132 crore.

EBITDA (earnings before interest, tax, depreciation and amortisation) growth of 14.1 percent year-on-year at Rs 1,969.9 crore and margin contraction of 53 basis points at 13.7 percent were far lower than CNBC-TV18 poll estimates of Rs 2,146 crore and 16.3 percent, respectively.

GAIL said the board has recommended the issuance of one bonus share for existing three equity shares, subject to the shareholders approval.
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