1st Quarter Results

17 Jul 2006 14:21

GAIL (India) Limited17 July 2006 To: RNSDated July 17, 2006 Re: Un-audited Financial Results for the quarter ended on 30th June, 2006 In terms of Clause 41 of the Listing Agreement, enclosed please find a copy of the Un-audited Financial Results of the Company for the quarter ended on 30th June, 2006, as approved by the Board of Directors in its Meeting held today i.e. 17-07-2006 FROM: (N.K.NAGPAL) COMPANY SECRETARY From: GAIL (India) Limited UNAUDITED FINANCIAL RESULTS (PROVISIONAL) FOR THE QUARTER ENDED 30TH JUNE 2006 Rs. in Crores For the Quarter ended For the Year ended 30.06.2006 30.06.2005 31.03.2006 (Audited) 1 Sales (Net of ED) 4078.41 3287.71 14459.412 Internal Consumption 651.93 336.52 1891.88 3 Other Income 80.06 49.91 455.54 4 Total Expenditure 3788.71 2676.25 12853.42 a) Increase/Decrease in stock (132.88) (8.14) (24.93) in trade b) Purchase 3055.17 2143.92 9909.56 c) Consumption of raw materials 506.89 248.47 1475.83 d) Staff Cost 55.13 53.43 221.31 e) Other expenditure 304.40 238.57 1271.65 5 Interest 28.80 29.68 117.30 6 Depreciation 140.81 239.05 559.49 7 Profit(+)/Loss(-) before tax 852.08 729.16 3276.62 (1+2+3-4-5-6) 8 Provision of Taxation - Current Tax 265.00 280.00 916.61 - Deferred Tax (6.00) (35.00) 44.47 - Fringe Benefit 1.00 0.68 5.47 Tax 9 Net Profit(+)/Loss(-) (7-8) 592.08 483.48 2310.07 10 Paid up Equity Share Capital 845.65 845.65 845.65 (Rs.10/- per share)11 Reserves excluding Revaluation Reserves 9127.6412 EPS - Basic (in Rs.) 7.00 5.72 27.32 - Diluted (in Rs). 7.00 5.72 27.32 13 Aggregate of Non-promoters Shareholding - No. of shares 360714483 360714483 360714483 - Percentage of 42.66 42.66 42.66 Shareholding Segment wise Revenue, Results and Capital Employed for the Quarter ended 30th June 2006 (Rs in Crores) PARTICULARS For the Quarter ended For the Year ended 30.06.2006 30.06.2005 31.03.2006 (Audited) 1 Segment Revenue (Gross Sales/Income) A. TRANSMISSION SERVICES I) NATURAL GAS 599.84 573.91 2302.04 II) LPG 71.49 67.39 308.18 B. NATURAL GAS TRADING 2977.67 2205.00 10042.99 C. PETROCHEMICALS 550.28 367.05 1941.46 D. LPG AND LIQUID HYDROCARBONS 640.62 507.35 2201.74 E. GAILTEL 5.08 4.89 18.32 F . UNALLOCATED 74.21 31.44 408.18 Total 4919.19 3757.03 17222.91 Less: Inter-Segment Revenue 651.93 336.52 1891.88 Gross Sales / Income from Operations 4267.26 3420.51 15331.03 2 Segment Results (Profit before Tax and Interest) A. TRANSMISSION SERVICES I) NATURAL GAS 454.37 355.19 1726.01 II) LPG 36.81 12.27 158.33 B. NATURAL GAS TRADING 27.34 52.78 59.18 C. PETROCHEMICALS 202.05 131.81 713.93 D. LPG AND LIQUID HYDROCARBONS 139.40 211.52 604.63 E. GAILTEL (0.03) (0.08) (1.77) Total 859.94 763.49 3260.31 Less: Interest 28.80 29.68 117.30 Less: Other Unallocable expenditure (20.94) 4.65 (133.61) net off Unallocable Income Total Profit before Tax 852.08 729.16 3276.62 3 Capital Employed (Segment Assets - Segment Liabilities) A. NATURAL GAS TRANSMISSION / TRADING 3146.87 2826.27 2756.79 B. LPG TRANSMISSION 1090.01 1112.26 1107.85 C. PETROCHEMICALS 1948.55 1939.23 1975.30 D. LPG AND LIQUID HYDROCARBONS 1131.10 1457.88 937.35 E. GAILTEL 30.55 29.35 30.78 Total 7347.08 7364.99 6808.07 Notes 1. A provision of Rs.250 crores (Previous period: 153 crores) has been made from sales towards under recoveries of sensitive petroleum products provisionally in the absence of any directives from MOP&NG. 2. Investor complaints received and disposed off during Quarter ended June, 2006: (Nos.) A. Complaints pending at the beginning of the Quarter 48 B. Complaints received during the Quarter 29 C. Disposal of Complaints 64 D. Complaints lying unresolved at the end of Quarter 13 3. Previous period figures have been regrouped/rearranged wherever necessary. 4. The above results have been taken on record by the Board of Directors in its meeting held on 17.07.2006 5. The Limited Review as required under clause 41 of the Listing Agreement has been completed by the Statutory Auditors. For GAIL (India) Limited Place: New Delhi (R.K.Goel)Date: July 17, 2006 Director (Finance) This information is provided by RNS The company news service from the London Stock Exchange