3rd Quarter Results

12 Jan 2006 11:38

GAIL (India) Limited12 January 2006 GAIL (INDIA) LIMITED UNAUDITED FINANCIAL RESULTS (PROVISIONAL) FOR THE QUARTER ENDED 31ST DECEMBER, 2005 Rs. in Crores For the Quarter ended For Nine Months ended For the Year ended 31.12.2005 31.12.2004 31.12.2005 31.12.2004 31.03.2005 (Audited) 1 Net Sales/Income from operations 3910.65 3175.05 10799.60 9126.74 12412.202 Internal Consumption 534.85 302.98 1343.88 876.64 1179.183 Other Income 151.89 139.46 371.13 273.91 349.05 4 Total Expenditure 3534.44 2450.75 9350.04 7337.43 9988.42 a) Increase/Decrease in stock in trade (20.28) (54.18) (33.29) (65.50) 26.86 b) Purchase 2778.73 2007.22 7369.95 5910.65 7853.23 c) Consumption or raw materials 414.89 225.33 1033.14 650.70 899.15 d) Staff Cost 61.23 48.08 168.53 134.68 205.21 e) Other expenditure 299.87 224.30 811.71 706.90 1003.97 5 Interest 40.64 30.68 88.07 102.49 134.09 6 Depreciation 141.41 241.62 420.37 709.31 946.54 7 Profit(+)/ Loss(-) before tax (1+2-3-4-5-6) 880.90 891.44 2656.13 2128.06 2871.39 8 Provision for Taxation - Current Tax 230.84 239.39 745.58 643.35 889.83 - Deferred Tax 5.20 16.77 6.13 54.34 27.65 - Fringe Benefit Tax 1.71 - 3.61 - - 9 Net Profit (+)/Loss(-) (8-9) 634.15 635.28 1900.81 1430.37 1953.91 10 Paid up Equity Share Capital 845.65 845.65 845.65 845.65 845.65 (Rs.10/- per share) 11 Reserves excluding Revaluation Reserves 7780.46 12 EPS - Basic (in Rs.) 7.61 7.51 22.48 16.91 23.11 - Diluted (in Rs.) 7.61 7.51 22.48 16.91 23.11 13 Aggregate of Non-promoter Shareholding - No. of shares 360714483 360714483 360714483 360714483 360714483 - Percentage of Shareholding 42.66 42.66 42.66 42.66 42.66 Segment wise Revenues, Results and Capital Employed for the Quarter ended 31st December 2005 Rs, in Crores For theParticulars For the Quarter ended For the period ended Year ended 31.12.2005 31.12.2004 31.12.2005 31.12.2004 31.03.2005 (Audited)1 Segment Revenue (Gross Sales/ Income)A Transmission Service I) Natural Gas 607.56 575.55 1738.58 1669.03 2192.69 II) LPG 76.75 80.55 213.78 223.96 301.84B Natural Gas Trading 2713.62 2061.17 7493.46 5980.10 8029.14 C Petrochemicals 480.28 429.38 1268.56 1203.18 1853.02D LPG and Liquid Hydrocarbons 693.41 496.24 1733.51 1370.94 1837.78 E Gailtel 4.69 4.26 13.85 13.42 18.76 F Unallocated 128.56 98.01 334.22 190.43 227.37 Total 4704.87 3749.61 12795.96 10651.06 144455.30 Less: Inter-Segment Revenue 534.85 302.98 1343.88 876.64 1179.18 Sales/Income from Operations 4170.02 3446.63 11452.08 9774.42 13276.12 2 Segment Results (profit before Tax and Insurance) A Transmission Services I) Natural Gas 460.24 368.88 1324.96 1025.78 1193.54 II) LPG 40.17 31.80 108.66 68.92 89.54 B Natural Gas Trading (62.40) 80.60 120.66 107.20 210.80 C Petrochemicals 179.22 198.79 449.47 514.03 804.24 D LPG and Liquid Hydrocarbons 240.04 183.76 579.74 447.83 609.00 E Gailtel (0.78) (4.75) (1.35) (16.71) (1.07) Total 856.49 859.08 2582.14 2147.05 2906.05 Less: Interest 40.64 30.68 88.07 102.49 134.09 Less: Other Unallocable (65.05) (63.04) (162.06) (83.50) (99.43)expenditure net of unallocableIncome Tax Profit before Tax 880.90 891.44 2656.13 2128.06 2871.39 3 Capital Employed (Segment Assets - Segment Liabilities) A Natural Gas Transmission/Trading 2898.91 3282.18 2898.91 3282.18 2775.34 B LPG Transmission 1133.14 1183.89 1133.14 1183.89 1170.71 C Petrochemicals 2232.29 2011.75 2232.29 2011.75 2024.22 D LPG and Liquid Hydrocarbons 1055.19 1381.78 1055.19 1381.78 1342.34 E Gailtel 44.85 258.82 44.85 258.82 31.50 Total 7364.38 8118.42 7364.38 8118.42 7344.11 Notes: 1. A provision of Rs. 526 crores (Previous Period : Rs. 864 crores) has been made from Sales towards under recoveries of sensitive petroleum products i.e. LPG and PDS Kerosene in terms of letter Nos.P-20012/28/97-PP dated 11.07.2005, P-20012/28/97-PP dated 27.09.2005 and P-20012/28/97-PP dated 30.12.2005 from MOP&NG. 2. Depreciation on the Pipeline and related facilities has been changed to 3.17% from 10.34% w.e.f. 01.04.2005 in terms of approval of Ministry of Company Affairs vide their letter no. 45/4/2003-CL-III dated 31.08.2005. 3. The company has declared an interim at the rate of Rs 6/- per Equity share of Rs 10 each a amounting to Rs. 507.40 crores in December 2005. 4. Investor complaints received and disposed off during Quarter ended December, 2005: (Nos.) A. Complaints pending at the beginning of the Quarter 84 B. Complaints received during the Quarter 48 C. Disposal of Complaints 88 D. Complaints lying unresolved at the end of Quarter 44 5. Previous period figures have been regrouped/rearranged, wherever necessary. 6. The above results have been taken on record by the Board of Directors in its meeting held on 12.01.2006. 7. The Limited Review as required under Clause 41 of the Listing Agreement has been completed by the Statutory Auditors. For GAIL (India) Limited (R.K. Goel) Director (Finance) Place: New Delhi Date: January 12, 2006 This information is provided by RNS The company news service from the London Stock Exchange