GAIL (India) Ltd.

Gail (India) has reported results for the quarter and the year ended March 31, 2011.

The company’s net profit for the fourth quarter has declined 14.03% at Rs 783.07 crore as compared to Rs 910.82 crore for the quarter ended March 31, 2010. Its total income has soared by 34.34% at Rs 8961.41 crore for the quarter under review from Rs 6670.69 crore in the corresponding previous quarter.

The company has registered a growth of 13.42% in its net profit for the year ended March 31, 2011 at Rs 3561.13 crore as compared to Rs 3139.84 crore for the year ended March 31, 2010. Its total income has increased by 29.13% at Rs 32977.22 crore for the year from Rs 25537.50 crore in previous year.

On consolidated basis, the group’s net profit for the year has rose 20.83% at Rs 4020.97 crore as compared to Rs 3327.83 crore for the year ended March 31, 2010. Total income for the year has increased by 29.15% at 35664.08 crore as compared to Rs 27614.96 crore for the previous year.

Gail (India) has recommended the payment of final dividend of 55% or Rs 5.5 per share on the paid-up equity share capital of the company for the FY 2010-11, subject to approval of shareholders in the ensuing Annual General Meeting.