Interim Results

30 Oct 2006 13:50

GAIL (India) Limited30 October 2006 Letter to: RNSDated: October 30, 2006 Re: Un-audited Financial Results for the quarter/half year ended on 30th September, 2006 Below is a copy of the un-audited financial results of the Company for the quarter/half-year ended on 30th September, 2006, as approved by the Board ofDirectors in its Meeting held today i.e. 30.10.2006 Letter from Gail (India) Limited GAIL (INDIA) LIMITED UNAUDITED FINANCIAL RESULTS (PROVISIONAL) FOR THE QUARTER ENDED 30TH SEPTEMBER,2006 Rs. in Crores For the Quarter ended For the Half year ended For the Year ended 30.09.2006 30.09.2005 30.09.2006 30.09.2005 31.03.2006 (Audited) 1 Sales (Net of ED) 3706.99 3601.24 7785.40 6888.95 14459.41 2 Internal Consumption 651.31 472.51 1303.24 809.03 1891.88 3 Other Income 167.37 169.33 247.43 219.24 455.54 4 Total Expenditure 3769.19 3139.35 7557.90 5815.60 12853.42 a) Increase/Decrease in stock in trade 27.17 (4.87) (105.71) (13.01) (24.93) b) Purchase 2808.83 2447.30 5864.00 4591.22 9909.56 c) Consumption of raw materials 484.50 369.78 991.39 618.25 1475.83 d) Staff Cost 90.47 53.87 145.60 107.30 221.31 e) Other expenditure 358.22 273.27 662.62 511.84 1271.65 5 Interest 29.12 17.75 57.92 47.43 117.30 6 Depreciation 143.57 39.91 284.38 278.96 559.49 7 Profit(+)/Loss(-) before tax 583.79 1046.07 1435.87 1775.23 3276.62 (1+2+3-4-5-6) 8 Provision for Taxation - Current Tax 133.22 234.74 398.22 514.74 916.61 - Deferred Tax 1.00 35.93 (5.00) 0.93 44.47 - Fringe Benefit 1.17 1.22 2.17 1.90 5.47 Tax9 Net Profit (+)/Loss(-) (7-8) 448.40 774.18 1040.48 1257.66 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 54934812 EPS - Basic (in Rs.) 5.30 9.15 12.30 14.87 27.32 - Diluted (in Rs.) 5.30 9.15 12.30 14.87 27.3213 Aggregate of Public Shareholding - No. of shares 309905145 309660849 309905145 309660849 310477365 - Percentage of Shareholding 36.65 36.62 36.65 36.62 36.71 Segment wise Revenue, Results and Capital Employed for the Quarter ended 30th September, 2006 (Rs in Crores) PARTICULARS For the quarter ended For the period ended For the Year ended 30.09.2006 30.09.2005 30.09.2006 30.09.2005 31.03.2006 (Audited) 1 Segment Revenue (Gross Sales/Income) A. TRANSMISSION SERVICES I) NATURAL GAS 497.17 557.11 1097.01 1131.02 2302.04 II) LPG 81.60 69.64 153.09 137.03 308.18 B. NATURAL GAS TRADING 2923.68 2574.84 5901.35 4779.84 10042.99 C. PETROCHEMICALS 545.56 421.23 1095.84 788.28 1941.46 D. LPG AND LIQUID HYDROCARBONS 421.91 532.75 1062.53 1040.10 2201.74 E. GAILTEL 6.27 4.27 11.35 9.16 18.32 F. UNALLOCATED 160.70 174.22 234.91 205.66 408.18 Total 4636.89 4334.06 9556.08 8091.09 17222.91 Less: Inter-Segment Revenue 651.31 472.51 1303.24 809.03 1891.88 Sales / Income from Operations 3985.58 3861.55 8252.84 7282.06 15331.03 2 Segment Results (Profit before Tax and Interest) A. TRANSMISSION SERVICES I) NATURAL GAS 329.48 509.53 783.85 864.72 1726.01 II) LPG 44.90 56.22 81.71 68.49 158.33 B. NATURAL GAS TRADING 61.35 130.28 88.69 183.06 59.18 C. PETROCHEMICALS 174.25 138.44 376.30 270.25 713.93 D. LPG AND LIQUID HYDROCARBONS (54.54) 128.18 84.86 339.70 604.63 E. GAILTEL 0.41 (0.49) 0.38 (0.57) (1.77) Total 555.85 962.16 1415.79 1725.65 3260.31 Less: Interest 29.12 17.75 57.92 47.43 117.30 Less : Other Unallocable expenditure (57.06) (101.66) (78.00) (97.01) (133.61) net off Unallocable Income Total Profit before Tax 583.79 1046.07 1435.87 1775.23 3276.62 3 Capital Employed (Segment Assets - Segment Liabilities) A. NATURAL GAS TRANSMISSION/TRADING 3481.45 3015.83 3481.45 3015.83 2756.79 B. LPG TRANSMISSION 1073.65 1133.37 1073.65 1133.37 1107.85 C. PETROCHEMICALS 1934.93 2201.78 1934.93 2201.78 1975.30 D. LPG AND LIQUID HYDROCARBONS 1007.18 1126.97 1007.18 1126.97 937.35 E. GAILTEL 30.78 26.27 30.78 26.27 30.78 Total 7527.99 7504.22 7527.99 7504.22 6808.07 Note: Unallocated Segment includes Power, E&P, Corporate Office, Zonal Offices and GTI Notes 1. A provision of Rs 671 crores (Previous period: 320 crores) for the half yearended 30.09.2006 has been made from Sales towards under recoveries of sensitivepetroleum products in terms of letter Nos. P-20012/13/2006-PP dated 20.07.2006and P-20012/28/97-PP (Part - I)(Vol.-I) dated 13.10.2006 from MOP&NG. 2. Gas supply was affected from 08.08.2006 to 09.09.2006 due to flood in GujaratRegion resulting into lower availability of gas at Hazira. But for the higher subsidy and the lower availability of gas at Hazira, thesales and PBT for the half year ended 30.09.2006 would have been higher byapprox. 23% and 10% respectively as compared to previous period. 3. Investor complaints received and disposed off during Quarter ended September,2006: (Nos.) A. Complaints pending at the beginning of the Quarter 13 B. Complaints received during the Quarter 40 C. Disposal of Complaints 9 D. Complaints lying unresolved at the end of Quarter 44 4. Previous period figures have been regrouped/rearranged, wherever necessary. 5. The above results have been taken on record by the Board of Directors in itsmeeting held on 30.10.2006 6. The above results are subject to Limited Review as required under Clause 41of the Listing Agreement.For GAIL (India) Limited Place: New Delhi For GAIL (India) LimitedDate: 30.10.2006 (R.K.Goel) Director (Finance) This information is provided by RNS The company news service from the London Stock Exchange