Exciting News: Gail Share Price Surges Over 5% to ₹246.35
🚀 Gail India’s share price soared by more than 5% on Wednesday, reaching ₹246.35 after the impressive quarterly results. The company reported a consolidated net profit of ₹3,183 crore for the June 2024 quarter, marking a remarkable 78% increase compared to the same period last year.
📈 In the June 2024 quarter, Gail India’s revenue on an annual basis rose by 6% to ₹34,822 crore, up from ₹32,849 crore in the previous year. The company’s quarterly profit also surged by 29%, with a net profit of ₹2,469 crore posted in March 2024 quarter.
💼 Gail India’s EBITDA stood at ₹4,790 crore in the June 2024 quarter, compared to ₹2,660 crore in the same period last year. Despite a slight dip on Friday, with shares trading at ₹238, Gail India’s stock has shown an impressive 107% increase over the past year.
🎉 Over the last six months, the company’s shares have surged by 43%, hitting a 52-week high of ₹246.35. The 52-week low for Gail India’s share price was ₹111.50.
💰 Gail India has rewarded its investors with bonus shares five times since 2008, with the latest distribution in September 2022 at a ratio of 1:2.
Stay tuned for more updates on Gail India’s performance in the market! 📊📈
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