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GAIL's net rises 54% - Views on News from Equitymaster
 
 
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  • Oct 19, 1999

    GAIL's net rises 54%

    Although GAIL's bottomline performance has recorded a healthy growth, there are concerns pertaining to the interest costs and the steep rise in other income. GAIL has posted a 323% jump in other income, which has contributed in a large way to the company's bottomline growth. This has adversely affected the quality of earnings. Also, there has been a jump in interest costs, and this could in future weigh down the company's profitability.

    (Rs m) 2QFY2000 2QFY1999 Change
    Net Sales 21,017 16,825 24.9%
    Other Income 949 224 323.5%
    Expenditure 16,847 13,421 25.5%
    Interest 438 247 77.4%
    Depreciation 1,199 914 31.1%
    Profit before Tax 3,482 2,467 41.1%
    Tax 553 570 -3.1%
    Profit after Tax 2,929 1,897 54.4%
    Net profit margins 13.9% 11.3%  

     

     

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