Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2019 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.

Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
GAIL: Lower subsidies boost bottomline - Views on News from Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks


Login Failure
(Please do not use this option on a public machine)
  Sign Up | Forgot Password?  

GAIL: Lower subsidies boost bottomline

May 29, 2013

Gas Authority of India Ltd (GAIL) has announced the results for the financial year 2012-2013 (FY13). The company has reported 17.5% year on year (YoY) and 10.1% YoY growth in the topline and bottomline respectively for the year. Here is our analysis of the results.

Performance summary
  • The company registered an 18.8% YoY growth in the topline during the quarter. For FY13, the net sales were up by 17.5% YoY.
  • The operating profits registered a growth of 98.9% YoY during the quarter, with margins at 9.6%, as compared to 5.7% in 4QFY12. For FY13, the operating profits were up by 15.5% YoY, with operating profit margins at 13.6%, marginally lower than 13.8% in FY12.
  • The net income for the quarter registered 27.9% YoY growth, with margins at 5.0% versus 4.6% in 4QFY12. For FY13, the net profits were up by 10.1% YoY, with margins at 8.5%, as compared to 9.0% in FY12.
  • The company has provided discount of Rs 5.9 bn for the quarter (down 58.0% YoY) to share under recoveries on LPG. For FY13, the discount stood at around Rs 26.9 bn, down 15.6% YoY.
  • The Board of Directors has recommended a final dividend of Rs 5.6 per share, in addition to an interim dividend of Rs 4 per share.

To Read the Full Story, Subscribe or Sign In
To Read the Full Story, Subscribe or Sign In

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2019
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms


Aug 23, 2019 12:15 PM