Maharatna public sector undertaking (PSU) GAIL (India) shares today zoomed 1.62% on Bombay Stock Exchange to Rs 179.30 apiece. The Board of Directors of the large cap PSU will hold meeting on January 30, 2025 to consider financial results for Q3 and consider interim dividend payment for FY 2024-25, if any. GAIL India share price witnessed rally of 75.5% in last 2-years but turned red in last 3-months with decline of 15.20%.
The leading gas company has a market capitalisation of Rs 1,17,891.54 crore. The return of equity (ROE) is 14.78%. Check details below:
GAIL To Consider Interim Dividend, Results
As per the regulatory filing of the PSU dated January 23, 2024, “Pursuant to SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, this is to inform that a meeting of the Board of Directors of the Company is scheduled to be held on Thursday, 30th January, 2025 to, inter-alia, consider the Un-Audited Financial Results for the quarter and nine months ended 31st December, 2024 and to consider payment of Interim Dividend for FY 2024-25.”
GAIL Sets Record Date For Interim Dividend
The exchange filing of the firm added, “for the purpose of payment of Interim Dividend, if so approved by the Board, the “Record Date” will be Friday, 07th February, 2025.”
GAIL Shares Performance
The 52-week high price of GAIL share on BSE stood at Rs 246.35 per share (climber on 31/07/2024) and 52-week low price is Rs 156.20 per share (touched on 24/01/2024), respectively. GAIL shares gained 87.45% in last 3-years, soared 107.43% in last 5-years, and offered 125.90% return in last 10-years.
GAIL Financials
The state-run company declared a surge of 10.2% in the consolidated net profit for the second quarter ended September 31, 2024 to Rs 2693.5 crore as against the net profit of Rs 2444.05 crore reported in the corresponding quarter of year-ago period. The firm net profit slipped 15.47% from Rs 3182.9 crore, sequentially, according to the BSE filing. The company announced its consolidated revenue from operations at Rs 33,981.3 crore in Q2, indicating a growth of 2.81% as against Rs 33,049.7 crore reported in the corresponding quarter of last year.
Motilal Oswal Recommends Buy Call
Leading Brokerage Motilal Oswal Financial Services, in its report dated December 24, 2024, recommended buy call with a target price of Rs 265 per share.
About GAIL (India) Ltd
GAIL (India) is India’s renowned natural gas company with diversified interests across the natural gas value chain of trading, transmission, LPG production & transmission, LNG re-gasification, petrochemicals, city gas, E&P, etc. It owns and operates a network of around 16240 km of natural gas pipelines spread across the length and breadth of country. It is also working concurrently on execution of multiple pipeline projects to further enhance the spread. GAIL commands ~66% market share in gas transmission and has a Gas trading share of over ~ 54% in India, according to its official website.
Disclaimer
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