GAIL Profit Climbs

GAIL of India has recorded sustained performance in financial parameters for the Financial Year 2013-14. According to the audited figures, turnover (net of excise duty) in the year 2013-14 increased by 21% to 57,245 crore from 47,333 crore in FY 2012-13.

The Gross Margin during the year 2013-14 increased by 5% to 7,599 crore from 7,233 crore.

The Profit Before Tax during the year 2013-14 increased by 6% to 6,402 crore from 6,058 crore in the previous year. The Profit After Tax during the year 2013-14 increased by 9% to 4,375 crore from 4,022 crore in the previous year.

The Board of Directors has recommended payment of total dividend at the rate of 104% on the paid-up share capital of the company for FY 2013-14 inclusive of 45% interim dividend already paid.