Team News Riveting
Mumbai, January 29
GAIL (India) Limited has declared the interim dividend of Rs 5.50 per share for the financial year 2023-24.
In percentage terms, the dividend is 55 per cent, the company said in a regulatory filing today. The GAIL’s board of directors on Monday met to approve the unaudited financial results for the quarter and nine months ended December 31, 2023.
“This is in continuation to our letter of even no. ND/GAIL/SECTT/2024 dated 18.01.2024. The Board of Directors of the Company in its meeting held today i.e. 29.01 .2024, inter-alia, approved the Unaudited Financial Results (Standalone & Consolidated) of the Company for the quarter and nine months ended 31.12.2023 and the payment of Interim Dividend for the financial year 2023-24 @ 55% (Rs 5.5O per equity share) on the paid-up equity share capital of the Company,” the company said.
The Statement includes interim financial results/information of exploration & production operations, whose results reflect total revenues of Rs 314.12 crore and Rs 827.84 crore, total net profit before tax of Rs 121.57 crore and Rs 386.26 crore and total comprehensive income of Rs 121.57 crore and 386.26 crore for the quarter and nine months ended December 31, 2023, respectively and total assets as on December 31, 2023 of Rs 1545.86 crore which have not been reviewed by their auditors.
The interim financial results and information are based on the statement received from the operators, the company said.
