3rd Quarter Results

31 Jan 2007 15:47

GAIL (India) Limited31 January 2007 LETTER TO: RNS Below the un-audited financial results of the Company for the quarter ended on31st December 2006, as approved by the Board of Directors in its Meeting heldtoday 31st January 2007. UNAUDITED FINANCIAL RESULTS(PROVISIONAL) FOR THE QUARTER ENDED 31ST DECEMBER, 2006 Rs. in Crores For the Quarter ended For Nine Months ended For the Year ended 31.12.2006 31.12.2005 31.12.2006 31.12.2005 31.03.2006 (Audited) 1 Net Sales/Income from operations 4378.37 3910.65 12163.77 10799.60 14459.41 2 Internal Consumption 727.85 534.85 2031.09 1343.88 1891.88 3 Other Income 184.63 151.89 432.06 371.13 455.54 4 Total Expenditure 4242.09 3534.44 11799.99 9350.04 12853.42 a) Increase/Decrease in stock in trade 58.83 (20.28) (46.88) (33.29) (24.93) b) Purchase 3056.83 2778.73 8920.83 7369.95 9909.56 c) Consumption of raw materials 555.87 414.89 1547.26 1033.14 1475.83 d) Staff Cost 65.09 61.23 210.69 168.53 221.31 e) Other expenditure 505.47 299.87 1168.09 811.71 1271.65 5 Interest 27.05 40.64 84.97 88.07 117.30 6 Depreciation 143.87 141.41 428.25 420.37 559.49 7 Profit(+)/Loss(-) before tax (1+2+3-4-5-6) 877.84 880.90 2313.71 2656.13 3276.62 8 Provision for Taxation - Current Tax 213.84 230.84 612.06 745.58 916.61 - Deferred Tax (3.40) 5.20 (8.40) 6.13 44.47 - Fringe Benefit Tax 1.94 1.71 4.11 3.61 5.47 9 Net profit (+)/Loss(-)(7-8) 665.46 643.15 1705.94 1900.81 2310.07 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 9127.64 12 EPS - Basic (in Rs.) 7.87 7.61 20.17 22.48 27.32 - Diluted (in Rs.) 7.87 7.61 20.17 22.48 27.32 13 Aggregate of Public Shareholding - No. of shares 310517295 309862467 310517295 309862467 310477365 - Percentage of Shareholding 36.72 36.64 36.72 36.64 36.71 Segment wise Revenues, Results and Capital Employed for the Quarter ended 31st December 2006 Rs, in Crores For thePARTICULARS For the Quarter ended For the period ended Year ended 31.03.2006 31.12.2006 31.12.2005 31.12.2006 31.12.2005 (Audited) 1 Segment Revenue (Gross Sales/ Income) A. TRANSMISSION SERVICES I) NATURAL GAS 641.25 607.56 1738.26 1738.58 2302.04 II) LPG 99.37 76.75 252.46 213.78 308.18 B. NATURAL GAS TRADING 3149.41 2713.62 9050.76 7493.46 10042.99 C. PETROCHEMICALS 730.60 480.28 1826.44 1268.56 1941.46 D. LPG AND LIQUID HYDROCARBONS 626.11 693.41 1688.64 1733.51 2201.74 E. GAILTEL 7.07 4.69 18.42 13.85 18.32 F. UNALLOCATED 176.42 128.56 411.33 334.22 408.18 Total 5430.23 4704.87 14986.31 12795.96 17222.91 Less: Inter-Segment Revenue 727.85 534.85 2031.09 1343.88 1891.88 Sales/Income from Operations 4702.38 4170.02 12955.22 11452.08 15331.03 2 Segment Results (profit before Tax and Insurance) A. TRANSMISSION SERVICES I) NATURAL GAS 454.77 460.24 1238.62 1324.96 1726.01 II) LPG 60.26 40.17 141.97 108.66 158.33 B. NATURAL GAS TRADING 56.34 (62.40) 145.03 120.66 59.18 C. PETROCHEMICALS 277.45 179.22 653.75 449.47 713.93 D. LPG AND LIQUID HYDROCARBONS 90.48 240.04 175.34 579.74 604.63 E. GAILTEL 0.05 (0.78) 0.43 (1.35) (1.77) Total 939.35 856.49 2355.14 2582.14 3260.31 Less: Interest 27.05 40.64 84.97 88.07 117.30 Less: Other Unallocable expenditure 34.46 (65.05) (43.54) 162.06) (133.61) net of unallocable Income Tax Profit before Tax 877.84 880.90 2313.71 2656.13 3276.62 3 Capital Employed (Segment Assets - Segment Liabilities) A. NATURAL GAS TRANSMISSION/TRADING 3568.23 2898.91 3568.23 2898.91 2756.79 B. LPG TRANSMISSION 1067.16 1133.14 1067.16 1133.14 1107.85 C. PETROCHEMICALS 1907.02 2232.29 1907.02 2232.29 1975.30 D. LPG AND LIQUID HYDROCARBONS 1021.80 1055.19 1021.80 1055.19 937.35 E. GAILTEL 29.34 44.85 29.34 44.85 30.78 Total 7593.55 7364.38 7593.55 7364.38 6808.07 Note: - Unallocated Segment includes Powder, E&P, Corporate Office, Zonal Offices and GTI Notes 1. The LPG sales is net of Rs. 986 crores (Previous period : 526 crores) for the period ended 31.12.206 and Rs. 315 crores (Previous Period : Rs. 206 crores) for the quarter ended 31.12.2006 towards sharing of under recoveries of sensitive petroleum products on provisional basis in terms of MOP&NG's letter Nos. P-20012/13/2006-PP dated 20.07.2006, P-20012/28/97-PP (Part-I) (Vol.-I) dated 13.10.2006 and P-20012/28/97-PP (Part-I) (Vol.I) (Part) dated 24.01.2007. 2. Revised Accounting Standards AS-15 "Employees Benefits" which is effective from 01.04.2006 is being reviewed by the company and the impact will be considered at the year end. 3. Deferred Tax Liability/assets is provisional and it will be reviewed at the financial year ending on 31.03.2007. 4. Investor complaints received and disposed off during Quarter ended December, 2006: (Nos.) A. Complaints pending at the beginning of the Quarter 44 B. Complaints received during the Quarter 18 C. Disposal of Complaints 35 D. Complaints lying unresolved at the end of Quarter 27 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 31.01.2007. 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: 31.01.2007 This information is provided by RNS The company news service from the London Stock Exchange