At 11:50 am, GAIL shares had been buying and selling at Rs 163.20, larger by 0.62 per cent, on the BSE
GAIL shares edged larger in mid-morning buying and selling a day after the Maharatna firm posted a bounce in web revenue within the March quarter. Gas Authority of India reported a 28 per cent bounce in web revenue to Rs 1,908 crore within the fourth quarter ended March 2021 in comparison with Rs 1,487 crore within the previous quarter. At 11:50 am, GAIL shares had been buying and selling at Rs 163.20, larger by 0.62 per cent, on the BSE.
The firm’s revenues in the course of the quarter into consideration fell 0.1 per cent to Rs 15,449 crore from 15,454.3 crore within the December 2020 quarter.
Earnings earlier than curiosity, taxes, depreciation, and amortization (EBITDA) elevated 28.4 per cent to Rs 2,465 crore from Rs 1,919.5 crore and EBITDA margin improved to 16 per cent from 12.4 % on a quarter-on-quarter foundation.
The BSE Sensex was buying and selling at 52,205.01, larger by 0.54 per cent and the NSE Nifty was at 15,718.15, up 0.54 per cent on the time.
