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Gail India Q4 Results: If you have also bought shares of this company on the basis of gas line, then it is important for you to know an important update about the shares of this company. Maharatna PSU stock results disappointed investors, stocks fell after the results. Maharatna government company GAIL India has released its results on Thursday. The company's results are looking bad. The company's profits have been less than expected.
GAIL India, a Maharatna government company in the gas transmission and marketing sector, has presented its results on Thursday. The company's results are looking bad. After bad results, its shares are also seeing a huge decline. GAIL shares took a hit and fell nearly 4%. After the results, the stock was trading at Rs 194, down 3.94%.
GAIL India's profit declined QoQ:
The company's profits have been less than expected. A profit of Rs 2180 crore has been recorded, the estimate was Rs 2800 crore. Quarter-on-quarter profit at Rs. Decreased to Rs 2842 crore. 2180 crores. The company's revenue has also been less than expected. While the estimate is Rs. It was Rs 33,066 crore. 32,318 crores. There has also been a quarter-on-quarter decline. In the last quarter the company earned Rs. Revenue of Rs 34,237 crore was recorded. Operating Profit Rs. Rs 3835 crore against the estimate of Rs. 3558 crores. In the last quarter it was 3823. The margin was estimated at 11.6 percent, which increased to 11 percent. Quarter-on-quarter margin declined to 11 percent from 11.2 percent.
Big fall in share price:
After the poor results, there was a huge fall in the company's shares. The company's shares fell by 4 percent. Shares of the company opened at Rs 201 in early trade on Thursday, but closed at Rs 191 with a huge fall around 2:40 pm. There was a slight recovery from here, but by the close the stock was up more than 2%.