GAIL Net Profit Climbs

GAIL (India) Limited recorded 32 percent rise in its Profit Before Tax, 31 per cent increase in Net Profit and 28 percent growth in Turnover (net of excise duty) in the third quarter of Financial Year 2013-14 as against the corresponding period last year.

The Turnover (net of excise duty) recorded by India’s leading Natural Gas company in the third quarter of FY 2013-14 stood at Rs. 15,980 crore as against Rs.12,474 crore in the corresponding period last year. The Net Profit increased to Rs. 1,679 crore, up from Rs. 1,285 crore during the same period. The Gross Margin increased by 16 percent to Rs. 2,498 crore in the third quarter of the current financial year against Rs. 2,156 crore while the Profit Before Tax increased by 32 percent to Rs. 2,451 crore against Rs. 1,859 crore in the corresponding period last year.

Segment-wise Revenue

During the third quarter of the current financial year, revenues from LPG and Liquid Hydrocarbons business increased by 51 percent to Rs. 1,933 crore as against Rs. 1,277 crore in the corresponding period of last year. The sales from Natural Gas Trading during the third quarter of the current financial year increased by 31 percent to Rs. 13,287 crore as against Rs.10,118 crore in the corresponding period of the last year. During the third quarter of the current financial year, Natural Gas Transmission business increased by 20 percent to Rs. 1,189 crore as against Rs. 990 crore in the corresponding period of previous year. The net sales from Petrochemicals business increased by 5 percent to Rs.1,164 crore as against Rs. 1,107  crore in the corresponding period of last year.  The Net sales of LPG transmission during the third quarter of the current financial year increased by 41 percent to Rs.114 crore as against Rs. 81 crore in the corresponding period last year.

Physical Performance During the third quarter of the current financial year, the Natural Gas sales were 79.74 MMSCMD as against 81.77 MMSCMD during the corresponding period last year. During the third quarter of FY 2013-14, the petrochemical production was 122 TMT as against 126 TMT in the corresponding period last year. The polymer sales during the third quarter of the current financial year were 109 TMT as against 128 TMT in the corresponding period in the previous year. The LPG transmission during the third quarter of the current financial year was 885 TMT, up by 21 percent from 733 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 330 TMT as against 344 TMT in the corresponding period last year. The LPG and Other Liquid Hydrocarbon sales during the third quarter of the current financial year were 332 TMT as against from 340 TMT in the corresponding period last year. The Natural Gas transmission during the third quarter of the current financial year stood at 95.70 MMSCMD as against from 104.59 MMSCMD in the corresponding period last year.

Nine months Results

GAIL (India) Limited registered a turnover (net of Excise Duty) of Rs. 42,781 crore in the first nine months of FY 2013-14 as against Rs. 34,924  Crore, a 22 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 2013-14 remains constant at Rs.3,403 crore against Rs.3,404 crore in the corresponding period previous year. The Gross Margin is Rs.5,749 crore in the first nine months of the current financial year against Rs. 5,765 crore in the corresponding period last year. The Profit Before Tax increased by 1 percent to Rs. 4,963 crore in the nine month of the current financial year against Rs. 4,917 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 13 percent to Rs.3,255 crore as against Rs.2,889 crore in the corresponding period in the previous year. The net sales from Petrochemicals business have increased by 33 percent to Rs.3,401 crore as against Rs.2,561 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 increased by 27 percent to Rs.3,976 crore as against Rs. 3,119 crore in the corresponding period of last year. The revenues from LPG transmission during the nine months of the current financial year increased by 59 percent to Rs.303 crore as against Rs.191 crore in the corresponding period last year. The revenues from Natural Gas Trading during the nine months of the current financial year increased by 26 percent to Rs. 36,724 crore as against Rs. 29,057 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 96.74 MMSCMD, as against 106.67 MMSCMD in the corresponding period last year. The Natural Gas sales during the nine months of FY 2013-14 were 80.14 MMSCMD as against from 81.87 MMSCMD during the corresponding period last year. During the nine months of the current financial year, petrochemical production was 353 TMT, up by 11 percent against 318 TMT in the corresponding period last year. The petrochemical sales during the nine months of the current financial year were 338 TMT, an increase of 15 percent from 295 TMT in the corresponding period in the previous year. The LPG transmission during the nine months of the current financial year was 2,283 TMT as against from 2,391 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 1,015 TMT as against from 1,027 TMT in the corresponding period last year. The LPG and Other Liquid Hydrocarbon sales during the nine months of the current financial year were 1,019 TMT against 1,023 TMT in the corresponding period last year.

1 Indian rupee = 0.01604 U.S. dollars

Press Release, January 29, 2014

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