1st Quarter Results

30 Jul 2007 08:55

GAIL (India) Limited30 July 2007 GAIL (INDIA) LIMITED UNAUDITED FINANCIAL RESULTS (PROVISIONAL) FOR THE QUARTER ENDED 30TH JUNE, 2007 Rs in Crores For the Quarter ended For the Year ended 30.06.2007 30.06.2006 31.03.2007 (Audited) 1 Net Sales/Income from operations 4,245.68 4,078.41 16,047.18 2 Other Income 91.27 80.06 544.95 3 Total Expenditure 3,206.97 3,136.78 13,049.89 a) Increase/Decrease in stock in trade 3.22 (132.88) (75.26) b) Purchase 2,352.85 2,472.03 9,429.00 c) Consumption of raw materials 431.39 434.15 1,785.12 d) Staff Cost 68.76 55.13 292.32 e) Other expenditure 350.75 308.35 1,618.71 4 Interest 20.40 28.80 107.08 5 Depreciation 140.70 140.81 575.38 6 Profit(+)/Loss(-)before tax (1+2-3-4-5) 968.88 852.08 2,859.78 7 Provision for Taxation - Current Tax 275.47 265.00 788.30 - Deferred Tax 7.15 (6.00) 18.97 - Fringe Benefit Tax 1.04 1.00 5.76 Excess provision of tax written back - - (339.92) 8 Net Profit(+)/Loss(-)(6-7) 685.22 592.08 2,386.67 9 Paid up Equity Share Capital (Rs.10/- per share) 845.65 845.65 845.65 10 Reserves excluding Revaluation Reserves 10,547.26 11 EPS - Basic (in Rs.) 8.10 7.00 28.22 - Diluted (in Rs) 8.10 7.00 28.22 12 Aggregate of Non-promoters Shareholding - No. of shares 318312004 309920445 313334121 - Percentage of Shareholding 37.64 36.65 37.05 Segment wise Revenues, Results and Capital Employed for the Quarter ended 30th June 2007 (Rs in Crores) PARTICULARS For the Quarter ended For the Year ended 30.06.2007 30.06.2006 31.03.2007 (Audited) 1 Segment Revenue (Gross Sales/Income) A. TRANSMISSION SERVICES I) NATURAL GAS 539.88 599.84 2214.44 II) LPG 92.25 71.49 343.96 B. NATURAL GAS TRADING 2956.31 2977.67 12020.84 C. PETROCHEMICALS 778.39 550.28 2570.16 D. LPG AND LIQUID HYDROCARBONS 675.15 640.62 2121.85 E. GAILTEL 6.71 5.08 25.36 F. UNALLOCATED 80.60 74.21 509.71 Total 5129.29 4919.19 19806.32 Less: Inter-Segment Revenue 645.21 651.93 2715.52 Gross Sales/Income from Operations 4484.08 4267.26 17090.80 2 Segment Results (profit before Tax and Insurance) A. TRANSMISSION SERVICES I) NATURAL GAS 368.38 454.37 1515.36 II) LPG 54.50 36.81 190.63 B. NATURAL GAS TRADING 24.66 27.34 194.27 C. PETROCHEMICALS 343.05 202.05 954.51 D. LPG AND LIQUID HYDROCARBONS 198.55 139.40 102.15 E. GAILTEL 0.51 (0.03) 0.97 Total 989.65 859.94 2957.89 Less: Interest 20.40 28.80 107.08 Less: Other Unallocable expenditure 0.37 (20.94) (8.97) net of unallocable Income Tax Profit before Tax 968.88 852.08 2859.78 3 Capital Employed (Segment Assets - Segment Liabilities) A. NATURAL GAS TRANSMISSION/TRADING 4577.97 3146.87 3701.13 B. LPG TRANSMISSION 1027.76 1090.01 1050.95 C. PETROCHEMICALS 1828.21 1948.55 1912.84 D. LPG AND LIQUID HYDROCARBONS 1014.11 1131.10 897.00 E. GAILTEL 44.27 30.55 47.45 Total 8492.32 7347.08 7609.37 Note: - Unallocated Segment includes Powder, E&P, Corporate Office, Zonal Offices and GTI Notes 1 The LPG sales for the quarter ending as on 30.06.2007 is net of Rs. 272 Crores (Previous period : 250 crores on provisional basis) towards sharing of under recoveries on PDS kerosene, domestic LPG, petrol and diesel in terms MOP&NG letter no-P-20012/28/97-PP (Vol-II)(Part-II) dated 24th July 2007. 2 Investor complaints received and disposed of during Quarter ended June, 2007: (Nos.) A. Complaints pending at the beginning of the Quarter NIL B. Complaints received during the Quarter 65 C. Disposal of Complaints 65 D. Complaints lying unresolved at the end of Quarter NIL 3 Previous period figures have been regrouped / rearranged, wherever necessary. 4 The above results have been reviewed by the Audit Committee and taken on record by the Board of Directors at its meeting held on 27.07.2007. 5 The above results are subject to limited review by the auditors as required under Clause 41 of the Listing Agreement. For GAIL (India) Limited R K GoelDirector (Finance) Place: New Delhi Date : July 27,2007 This information is provided by RNS The company news service from the London Stock Exchange