New Delhi: The state-owned gas transmission and marketing company GAIL (India) has registered a 66.5 per cent increase in net profit for the quarter ended March 31, 2007.

The company''s net profit stood at Rs681 crore inb Q4 up from Rs409 crore in the corresponding period last year. The company''s turnover went up to Rs3,883 crore for the fourth quarter ended March 31, 2007, up from Rs3,660 crore for the corresponding period in the previous year.

GAIL''s profit for the entire year 2006-07 stood at Rs2,387 crore up from Rs2,310 crore in 2005-06.

The company''s turnover for the year under review went up 11 per cent to Rs16,047 crore from Rs14,459 crore in the previous year. The board of directors of the company has recommended the payment of a final dividend at the rate of 20 per cent on the paid-up equity share capital of the company for the financial year 2006-07.