Final Results

28 Apr 2006 13:28

GAIL (India) Limited28 April 2006 To: RNS Ref: ND/GAIL/SECTT/LSE/2006 April 28,2006 Re: Audited Financial Results for the quarter/year ended on 31st March, 2006 andrecommendation of payment of final dividend for the Financial Year 2005-06 In terms of Clause 41 of the Listing Agreement, enclosed please find herewith acopy of the Audited Financial Results of the Company for the year/quarter endedon 31st March 2006, as approved by the Board of Directors in its Meeting heldtoday i.e. April 28,2006. It is further stated that the Board of Directors of the Company, in the saidmeeting, have recommended payment of final dividend @ 20% on the paid-up sharecapital of the Company for the Financial Year 2005-06, which is in addition tointerim dividend @ 60% and special interim dividend @20% on the paid-upshare capital, already declared and paid. From: (N.K.NAGPAL) COMPANY SECRETARY GAIL (India) Limited GAIL (INDIA) LIMITED AUDITED FINANCIAL RESULTS FOR THE FINANCIAL YEAR ENDED 31ST MARCH, 2006 Rs. in Crores For Nine For the Quarter ended For the For the Particulars Months ended Year ended Year ended 31.12.2005 31.03.2006 31.03.2005 31.03.2006 31.03.2005 (Audited) (Audited) 1 Sales (Net of ED) 10799.60 3659.81 3285.46 14459.41 12412.202 Internal Consumption 1343.88 548.00 302.54 1891.88 1179.183 Other Income 371.13 84.41 75.14 455.54 349.05 4 Total Expenditure 9350.04 3503.38 2650.99 12853.42 9988.42 a) Increase / Decrease in stock in trade (33.29) 8.36 92.36 (24.93) 26.86 b) Purchase 7369.95 2539.61 1942.58 9909.56 7853.23 c) Consumption of raw materials 1033.14 442.69 248.45 1475.83 899.15 d) Staff Cost 168.53 52.78 70.53 221.31 205.21 e) Other expenditure 811.71 459.94 297.07 1271.65 1003.975 Interest 88.07 29.23 31.60 117.30 134.096 Depreciation 420.37 139.12 237.23 559.49 946.547 Profit(+)/ Loss(-) before tax (1+2+3-4-5-6) 2656.13 620.49 743.32 3276.62 2871.398 Provision for Taxation - Current Tax 745.58 171.03 246.48 916.61 889.83 - Deferred Tax 6.13 38.34 (26.69) 44.47 27.65 - Fringe Benefit Tax 3.61 1.86 - 5.47 -9 Net Profit (+)/Loss(-) (7-8) 1900.81 409.26 523.53 2,310.07 1953.9110 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 7780.4612 EPS - Basic (in Rs.) 22.48 4.84 6.20 27.32 23.11 - Diluted (in Rs.) 22.48 4.84 6.20 27.32 23.1113 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 Revenue, Results and Capital Employed for the Financial Year ended 31st March, 2006 Rs. in Crores For Nine For the Quarter ended For the For the PARTICULARS Months ended Year ended Year ended 31.12.2005 31.03.2006 31.03.2005 31.03.2006 31.03.2005 (Audited) (Audited) 1 Segment Revenue (Gross Sales/Income) A. TRANSMISSION SERVICES I) NATURAL GAS 1738.58 563.46 523.66 2302.04 2192.69 II)LPG 213.78 94.40 77.88 308.18 301.84 B. NATURAL GAS TRADING 7493.46 2549.53 2049.04 10042.99 8029.14 C. PETROCHEMICALS 1268.56 672.90 649.84 1941.46 1853.02 D. LPG AND LIQUID HYDROCARBONS 1733.51 468.23 466.54 2201.74 1837.48 E. GAILTEL 13.85 4.47 5.34 18.32 18.76 F. UNALLOCATED 334.22 73.96 31.94 408.18 222.37 Total 12795.96 4426.95 3804.24 17222.91 14455.30 Less : Inter- Segment Revenue 1343.88 548.00 302.54 1891.88 1179.18 Sales /Income from Operations 11452.08 3878.95 3501.70 15331.03 13276.12 2 Segment Results (Profit before Tax and Interest) A. TRANSMISSION SERVICES I) NATURAL GAS 1324.96 401.05 167.76 1726.01 1193.54 II) LPG 108.66 49.67 20.62 158.33 89.54 B. NATURAL GAS TRADING 120.66 (61.48) 103.60 59.18 210.80 C. PETROCHEMICALS 449.47 264.46 290.21 713.93 804.24 D. LPG AND LIQUID HYDROCARBONS 579.74 24.89 161.17 604.63 609.00 E. GAILTEL (1.35) (0.42) 15.64 (1.77) (1.07) Total 2582.14 678.17 759.00 3260.31 2906.05 Less: Interest 88.07 29.23 31.60 117.30 134.09 Less: Other Unallocable expenditure net off Unallocable Income (162.06) 28.45 (15.92) (133.61) (99.43) Total Profit before Tax 2656.13 620.49 743.32 3276.62 2871.39 3 Capital Employed (Segment Assets - Segment Liabilities) A. NATURAL GAS TRANSMISSION/TRADING 2898.91 2756.79 2775.34 2756.79 2775.34 B. LPG TRANSMISSION 1133.14 1107.85 1170.71 1107.85 1170.71 C. PETROCHEMICALS 2232.29 1975.30 2024.22 1975.50 2024.22 D. LPG AND LIQUID HYDROCARBONS 1055.19 937.35 1342.34 937.35 1342.34 E. GAILTEL 44.85 30.78 31.50 30.78 31.50 Total 7364.38 6808.07 7344.11 6808.07 7344.11 Notes: 1. Unallocated Segment includes Power, E&P, Corporate Office and Zonal Offices2. Gas Trading Segment Results have declined for the year & quarter ended 31.03.2006 due to reversal of Marketing Margin on Non-APM gas as advised by MOP&NG and Gas Pool Adjustment relating to Prior Period. Notes 1. A provision of Rs.1064 crores (Previous year : 1137 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, P-20012/28/97-PP dated 30.12.2005 and P-20012/28/97-PP dated 13.04.2006 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 made a provision for proposed Final Dividend @ Rs 2.00/- per Equity share of Rs 10/- each amounting to Rs. 169 crores during 2005-06 in addition to the Interim Dividend @ Rs. 8.00/- per Equity Shares already paid thereby company has paid/proposed total dividend for the year 2005-06 @ Rs. 10.00/ per equity shares amounting to Rs.845.65 cr. subject to approval of AGM. 4. Investor complaints received and disposed of during Quarter ended March, 2006: (Nos.) A. Complaints pending at the beginning of the Quarter 44 B. Complaints received during the Quarter 37 C. Disposal of Complaints 33 D. Complaints lying unresolved at the end of Quarter 48 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 28.04.2006. 7. The Audited results for the year ended 31.03.2006 are subject to comments or supplement by the Comptroller and Auditor General of India u/s 619(4) of the Companies Act, 1956. For GAIL (India) Limited Place: New Delhi (R. K.Goel)Date: April 28, 2006 Director (Finance) This information is provided by RNS The company news service from the London Stock Exchange