Last checked at 29 Jul 2008 11:46
RNS Number : 0937A
GAIL (India) Limited
29 July 2008
Please find enclosed herewith a copy of the un-audited financial results of the Company for the quarter ended on 30th June, 2008, as approved by the Board of Directors in its Meeting held today i.e. 29th July, 2008.
GAIL (INDIA) LIMITED
UNAUDITED FINANCIAL RESULTS (PROVISIONAL) FOR THE QUARTER ENDED 3OTH JUNE, 2008
Rs. in Lakhs
| | | For the Quarter ended | For the | |
| | | | | Year ended |
| | | 30.06.2008 | 30.06.2007 | 31.03.2008 |
| | | | | (Audited) |
| 1 | Net Sales / Income from operations | 573,071 | 424,568 | 1,800,820 |
| 2 | Other Income | 11,477 | 9,127 | 55,635 |
| 3 | Total Income (1+2) | 584,548 | 433,695 | 1,856,455 |
| 4 | Expenditure | | | |
| | a) (Increase) / Decrease in stock in trade | 2,858 | 322 | (2,988) |
| | b) Consumption of raw materials | 49,620 | 43,139 | 171,484 |
| | c) Purchase | 332,805 | 235,285 | 1,020,066 |
| | d) Employees Cost | 8,663 | 6,889 | 47,001 |
| | e) Depredation | 14,296 | 14,170 | 57,102 |
| | f) Other expenditure | 39,182 | 35,062 | 170,333 |
| | g) Total | 447,424 | 334,767 | 1,462,998
|
| 5 | Interest | 1,902 | 2,040 | 7,957 |
| 6 | Exceptional items | - | - | - |
| 7 | Profit(+)/ Loss(-) from Ordinary Activities before tax | 135,222 | 96,888 | 385,500 |
| | (3(-(4+5+6) | | | |
| 8 | Provision for Taxation - Current Tax | 44,394 | 27,547 | 124,498 |
| | - Deferred Tax | 999 | 715 | 102 |
| | - Fringe Benefit Tax | 142 | 104 | 754 |
| 9 | Net Profit (+)/Loss (-) from Ordinary Activities after | 89,687 | 68,522 | 260,146 |
| | tax (7-8) | | | |
| 10 | Extraordinary items (Net of tax expenses;) | - | - | - |
| 11 | Net Profit (+)/Loss (-) for the period (9-10) | 89,687 | 68,522 | 260,146 |
| 12 | Paid up Equity Share Capital | 84,565 | 84,565 | 84,565 |
| | (Rs.10/- per share) | | | |
| 13 | Reserves excluding Revaluation Reserves | - | | 1,215,923 |
| 14 | Earnings Per Share (EPS) (in Rs.) | | | |
| | (a) Basic & Diluted EPS before Extraordinary Items | 10.61 | 8.10 | 30.76 |
| | (b) Basic & Diluted EPS after Extraordinary items | 10.61 | 8.10 | 30.76 |
|
15 |
Public Shareholding | | | |
| | - No. of shares | 333,958,223 | 318,312,004 | 330,475,037 |
| | - Percentage of Shareholding | 39.49 | 37.64 | 39.08 |
Segment wise Revenue, Results and Capital Employed for the Quarter ended 30th June 2008 (Rs in Lakhs)
| | PARTICULARS | For the quarter ended | For the Year ended 31.03.2008 (Audited) | |
| 30.06.2008 | 30.06.2007 | |||
| 1 | Segment Revenue (Net Sales/Income) A. TRANSMISSION SERVICES I) NATURAL GAS II) LPG B. NATURAL GAS TRADING C. PETROCHEMICALS D. LPG AD LIQUID HYDROCARBONS E. GAIL TEL F. UNALLOCATED TOTAL LESS: INTER-SEGMENT REVENUE
|
62,138 8,554 411,928 80,079 653 79,970 653 12,311 655,633 71,085 | 53,963 9,225 295,631 66,642 64,045 671 8,014 498,216 64,521 |
228,649 38,931 1,265,773 259,115 266,139 2,855 50,635 2,112,097 255,642 |
| | Net Sales / Income from Operations | 584.548 | 433,695 | 1,856,455 |
| 2 | Segment Revenue (Profit before Tax and Interest) A. TRANSMISSION SERVICES I) NATURAL GAS II) LPG B. NATURAL GAS TRADING C. PETROCHEMICALS D. LPG AD LIQUID HYDROCARBONS E. GAIL TEL F. UNALLOCATED TOTAL LESS: Interest | 43,370 4,675 9,475 43,951 31,782 127 3,744 137,124 1,902 |
36,838 5,450 2,466 34,305 19,855 51 (37) 98,928 2,040
| 155,348 23,184 20,440 125,423 90,043 311 (21,292) 393,457 7,957 |
| | Total Profit before Tax | 135.222 | 96.888 | 385,500 |
| 3 | Capital Employed (Segment Assets - Segment Liabilities) A. NATURAL GAS TRANSMISSION/TRADING B. LPG TRANSMISSION C. PETROCHEMICALS D. LPG AND LIQUID HYDROCARBONS E. GAIL TEL F. UNALLOCATED | 569,446 95,265 188,564 115,810 3,587 675,168 | 457,797 102,776 182,821 101,4114,427 622,992 | 541,615 98,831 200,207 103,522 3,732 611,137 |
| | Total | 1,647,840 | 1,472,224 | 1,559,044 |
Note: - Unallocated Segment Includes- Corporate Office, Zonai Offices, GTI, E&P & City GAS
Notes
1. The above financial results have been reviewed by the Audit Committee and approved by the Board of Directors atits respective meetings held on 28th July, 2008 and 29th July, 2008 and a Limited Review of the same has beencarried out by the Auditors of the company.
2. In terms of the decision of the Government of India to share the under recoveries of Oil Marketing Companies, thecompany has shared Rs.8698 Lakhs on account of the quarter ended 31st March, 2008 and Rs.38844 Lakhs for thequarter ended 30th June, 2008 (Previous year quarter: Rs.27200 Lakhs) based on the rates of discount in theprices of domestic LPG communicated by Petroleum Planning and Analysis Cell.
3. The Pay Revision of the employees of the company is due w.e.f. 1st January, 2007. Pending pay revision by the Government of India, a sum of Rs. 1795 Lakhs (Previous period: Nil) has been provided during the quarter ended 30th June, 2008 under employees cost on estimated basis.
4. Other expenditure includes Rs.334 Lakhs for the quarter ended 30th June, 2008 (Previous year quarter: Nil) onaccount of Dry well Expenditure in Exploration & Production (E&P) business.
5. During the quarter ended 30th June, 2008, one wholly owned subsidiary "GAIL Gas Limited" was incorporated forCity Gas Distribution and CNG corridor business in various cities of India and abroad. Also, a joint venture company"GAIL China Gas Global Energy Holding Limited" was incorporated between GAIL and China Gas with 50% equity participation each for investment and engaging in operation and management of projects in natural gas sector.
6. There were nil investors' complaint pending at the beginning of the quarter, twelve complaints were received, twelve complaints were resolved and no complaints were pending at the close of the quarter.
7. Previous period figures have been regrouped / rearranged, wherever required.
For GAIL (India) Limited
Place: New Delhi (A.K.Purwaha)
Date: 29.07.2008 Director (BD)
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