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GAIL (India) Clocks Lower in Fiscal Q4 Consolidated Profit

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GAIL (India) (NSE:GAIL, BOM:532155) recorded a decline in attributable consolidated profit to 14.8 billion Indian rupees in the fiscal fourth quarter ended March 31 from 24.9 billion rupees a year ago, according to a Thursday filing with the Indian stock exchanges by the state-owned natural gas trader.

Shares of the company rose nearly 2% in Friday's trade.

Earnings per share contracted to 2.26 rupees from the year-ago figure of 3.79 rupees.

Revenue from operations in fiscal Q4 also fell to 357.1 billion rupees from 365.5 billion rupees a year earlier.

The company's board of directors recommended a final dividend of 0.50 rupees per share for the fiscal year ended March 31.

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