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    Photo: Freepik Strong bounce in government company’s net profit

    Gail Dividend: Government gas company Gayle (India) released its financial results on Thursday, 30 January. Gayle has also announced a tremendous dividend for shareholders along with releasing the results of the third quarter of FY 2024-25. Gayle said in an exchange filing that the company has announced a dividend of Rs 6.5 (65 percent) on each stock with a face value of Rs 10 for its investors. Let us tell you that during the third quarter of the current financial year, the company performed tremendously, on the basis of which there have been brilliant results.

    Wings in shares on Friday

    After the great results of GAIL (India), the declaration of dividend has created a tremendous movement in the share price. By 10.52 am on Friday, the company’s shares were trading at a price of Rs 175.60 with a bumper of Rs 8.60 (5.15%). The company’s shares, which closed at the price of Rs 167.00 with an increase on Thursday, opened up at Rs 169.60 today. By the time the news is written, Gayle’s shares have reached the Intrade Low of Rs 167.20 to Intrade High of Rs 176.15. However, the price of the company’s shares is still far below its 52 weeks of high. Gayle’s shares have 52 weeks high 246.35 rupees and 52 weeks are Rs 163.35. According to BSE data, the company’s current market cap is Rs 1,15,491.63 crore.

    Strong bounce in government company’s net profit

    Let us tell you that in the third quarter of the current financial year, the net profit of government gas company Gayle has increased by 36 percent. The company recorded a single net profit of Rs 3867.38 crore in the October-December quarter of FY 2024-25. Whereas in the third quarter of the last financial year, the figure was Rs 2842.62 crore. During this period, Gayle’s operational revenue remained almost stable at Rs 34,957.76 crore. In the first 9 months of the current financial year, the company’s net profit increased by 39 percent to Rs 9263.29 crore. Which is the highest profit recorded in the first 9 months of any financial year in the company’s history.

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