GAIL third quarter PAT at Rs. 860 crore, Turnover (net of Excise) up by 6%
GAIL nine months PAT up by 2.5%, Turnover (net of Excise) up by 4%
New Delhi, January 18, 2010. GAIL (India) Limited registered a turnover (net of Excise Duty) of Rs. 6,188 crore in the third quarter of FY 2009-10 as against Rs.5,812 Crore, a 6 percent increase over the turnover in the corresponding period during the last financial year. GAIL’s Net Profit for the third quarter of the FY 2009-10 increased by 240 percent to Rs. 860 crore against Rs. 253 crore in the corresponding period previous year. The Gross Margin increased by 183 percent to Rs. 1,413 crore in the third quarter of the current financial year against Rs. 500 crore in the corresponding period last year. The Profit Before Tax increased by 265 percent to Rs. 1,258 crore in the third quarter of the current financial year against Rs. 345 crore in the corresponding period last year.
Segment-wise Revenue
During the third quarter of the current financial year, revenues from Natural Gas Transmission business have increased by 40 percent to Rs. 853 crore as against Rs. 610 crore in the corresponding period of previous year. The net sales from Petrochemicals business have increased by 27 percent to Rs. 793 crore as against Rs. 622 crore in the corresponding period of last year. The net sales from LPG and Liquid Hydrocarbons business during the third quarter of the current financial year have increased by 113 percent to Rs. 710 crore as against Rs. 333 crore in the corresponding period of last year. The sales from Natural Gas Trading during the third quarter of the current financial year decreased by 9 percent to Rs. 4,527 crore as against Rs.4,963 crore in the corresponding period of the last year. The revenues from LPG transmission during the third quarter of the current financial year have increased by 8 percent to Rs. 116 crore as against Rs. 107 crore in the corresponding period last year.
The increase in net profit during the third quarter of the current financial year was mainly due to the increase in Natural gas, LPG transmission and LHC sales quantity.
Physical Performance
During the third quarter of the current financial year, the Natural Gas sales were 81.19 MMSCMD, up 1.5 percent from 79.95 MMSCMD during the corresponding period last year. During the third quarter of FY 2009-10, the petrochemical production was 110 TMT, up 3 percent from 107 TMT in the corresponding period last year. The polymer sales during the third quarter of the current financial year were 120 TMT, decreased by 8 percent from 130 TMT in the corresponding period in the previous year. The LPG transmission during the third quarter of the current financial year was 820 TMT, up by 7 percent from 763 TMT during the corresponding period in the previous financial year. The LPG and Other Liquid Hydrocarbon production during the third quarter of the current financial year was 372 TMT, up 4 percent from 359 TMT in the corresponding period last year. The LPG and Other Liquid Hydrocarbon sales during the third quarter of the current financial year were 375 TMT, up 6 percent from 355 TMT in the corresponding period last year. The Natural Gas transmission during the third quarter of the current financial year was 109.01 MMSCMD, increased by 29 percent from 84.46 MMSCMD in the corresponding period last year.
Nine months Results
GAIL (India) Limited registered a turnover (net of Excise Duty) of Rs. 18,411 crore in the first nine months of FY 2009-10 as against Rs.17,672 Crore, a 4 percent increase over the turnover in the corresponding period last financial year. GAIL’s Net Profit after tax for the first nine months of the FY 2009-10 increased by 2.5 percent to Rs. 2,229 crore against Rs. 2,174 crore in the corresponding period previous year. The Gross Margin increased by 2 percent to Rs. 3,745 crore in the first nine months of the current financial year against Rs. 3,675 crore in the corresponding period last year. The Profit Before Tax increased by 2 percent to Rs. 3,272 crore in the nine month of the current financial year against Rs. 3,200 crore in the corresponding period last year.
Segment-wise Revenue
During the nine months of the current financial year, revenues from Natural Gas Transmission have increased by 33 percent to Rs. 2,429 crore as against Rs. 1,831 crore in the corresponding period in the previous year. The net sales from Petrochemicals business have marginally decreased by 1 percent to Rs. 2,031 crore as against Rs. 2,050 crore in the corresponding period of last year. The net sales from LPG and Liquid Hydrocarbons business during the nine months of the current financial year have decreased by 13 percent to Rs. 1,909 crore as against Rs. 2,197 crore in the corresponding period of last year. The revenues from LPG transmission during the nine months of the current financial year have increased by 16 percent to Rs. 325 crore as against Rs. 281 crore in the corresponding period last year. The revenues from Natural Gas Trading during the nine months of the current financial year increased by 4 percent to Rs. 14,138 crore as against Rs. 13,565 crore in the corresponding period of the last year.
Physical Performance
The Natural Gas transmission during the nine months of the current financial year was 104.12 MMSCMD, up 25 percent from 83.54 MMSCMD in the corresponding period last year. The Natural Gas sales during the nine months of FY 2009-10 were 80.73 MMSCMD, up 1 percent from 79.61 MMSCMD during the corresponding period last year. During the nine months of the current financial year, petrochemical production was 305 TMT, down 3 percent against 316 TMT in the corresponding period last year. The petrochemical sales during the nine months of the current financial year were 301 TMT, decreased by 3 percent from 309 TMT in the corresponding period in the previous year. The LPG transmission during the nine months of the current financial year was 2,289 TMT, up by 13 percent from 2,029 TMT during the corresponding period in the previous financial year. The LPG and Other Liquid Hydrocarbon production during the nine month of the current financial year were 1,082 TMT, increased by 2 percent from 1,061 TMT in the corresponding period last year. The LPG and Other Liquid Hydrocarbon sales during the nine months of the current financial year were 1,087 TMT, up 2 percent from 1,061 TMT in the corresponding period last year.
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