GAIL (INDIA) LIMITED
Net profit at Rs 604 crores
GAIL nine months Turnover (net of Excise) Rs 42,334 crores
New Delhi, February 6, 2015. GAIL (India) Limited registered a turnover (net of Excise Duty) of Rs. 14,934 crores in the third quarter of Financial Year 2014-15 as against Rs.15,980 crores in the corresponding period of the last financial year. GAIL’s Net Profit for the third quarter of the FY 2014-15 stood at Rs 604 crores as against Rs. 1,679 crores in the corresponding period of the previous year. The Gross Margin was Rs. 1,126 crores in the third quarter of the current financial year as against Rs. 2,498 crores in the corresponding period last year while the Profit Before Tax was Rs. 853 crores in the third quarter as against Rs. 2,451 crores in the corresponding period last year.
The profit during the quarter was impacted mainly due to the subsidy burden of Rs. 500 crores pertaining to the second quarter of FY 2014-15 accounted for in the third quarter, lower off take of long-term contracted RLNG by power and fertilizer plants, reduction in domestic gas availability by over 5 MMSCMD and higher feedstock cost for petrochemicals.
Segment-wise Revenue
During the third quarter of the current financial year, the net sales from Petrochemicals business increased by 7 percent to Rs.1,246 crores as against Rs.1,164 crores in the corresponding period of last year. Revenues from LPG and Liquid Hydrocarbons business stood at Rs. 1,054 crores as against Rs. 1,933 crores in the corresponding period of last year. The sales from Natural Gas Marketing during the third quarter was Rs.13,167 crores as against Rs.13,287 crores in the corresponding period of the last year. During the third quarter of the current financial year, Natural Gas Transmission business stood at Rs. 995 crores as against Rs. 1,189 crores in the corresponding period of previous year. The Net sales of LPG transmission during the third quarter of the current financial year was Rs.107 crores as against Rs. 114 crores in the corresponding period last year.
Physical Performance
During the third quarter of the current financial year, the Natural Gas sales were 74.08 MMSCMD as against 79.74 MMSCMD during the corresponding period last year. During the third quarter of FY 2014-15, the petrochemical production was 119 TMT, as against 122 TMT in the corresponding period last year. The polymer sales during the third quarter of the current financial year were 112 TMT, up by 3 percent from 109 TMT in the corresponding period in the previous year. The LPG transmission during the third quarter of the current financial year was 773 TMT while it was 855 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 329 TMT against 330 TMT in the corresponding period last year. The LPG and Other Liquid Hydrocarbon sales during the third quarter of the current financial year were 330 TMT against 332 TMT in the corresponding period last year. The Natural Gas transmission during the third quarter of the current financial year was 94.09 MMSCMD as against 95.70 MMSCMD in the corresponding period last year.
Nine months Results
GAIL (India) Limited registered a turnover (net of Excise Duty) of Rs.42,334 crores in the first nine months of FY 2014-15 as against Rs.42,781 Crores in the corresponding period of the last financial year. GAIL’s Net Profit after tax for the first nine months of the FY 2014-15 was Rs. 2,528 crores as against Rs. 3,403 crores in the corresponding period previous year. The Gross Margin was Rs.4,654 crores in the first nine months of the current financial year as against Rs. 5,749 crores in the corresponding period last year. The Profit Before Tax stood at Rs. 3,726 crores in the first nine months of the current financial year against Rs. 4,963 crores in the corresponding period last year.
Segment-wise Revenue
During the first nine months of the current financial year, revenues from Natural Gas Transmission stood at Rs. 2,422 crores as against Rs. 3,255 crores in the corresponding period in the previous year. The net sales from Petrochemicals business during the nine months have increased by 3 percent to Rs. 3,520 crores as against Rs. 3,401 crores 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 increased by 1 percent to Rs. 4,018 crores as against Rs. 3,976 crores in the corresponding period of last year. The revenues from LPG transmission during the nine months of the current financial year have increased by 4 percent to Rs. 316 crores as against Rs. 303 crores in the corresponding period last year. The revenues from Natural Gas Marketing during the nine months of the current financial year was Rs. 36,655 crores as against Rs. 36,724 crores in the corresponding period of the last year.
Physical Performance
The Natural Gas transmission during the nine months of the current financial year was 94.05 MMSCMD as against 96.74 MMSCMD in the corresponding period last year. The Natural Gas sales during the nine months of FY 2014-15 were 73.18 MMSCMD as against 80.14 MMSCMD during the corresponding period last year. During the nine months of the current financial year, petrochemical production was 336 TMT as against 353 TMT in the corresponding period last year. The petrochemical sales during the nine months of the current financial year were 309 TMT as against 338 TMT in the corresponding period in the previous year. The LPG transmission during the nine months of the current financial year was 2,306 TMT, an increase of 1 percent as against from 2,283 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 978 TMT as against 1,015 TMT in the corresponding period last year. The LPG and Other Liquid Hydrocarbon sales during the nine months of the current financial year were 975 TMT against 1,019 TMT in the corresponding period last year.
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Net profit at Rs 604 crores
GAIL nine months Turnover (net of Excise) Rs 42,334 crores
New Delhi, February 6, 2015. GAIL (India) Limited registered a turnover (net of Excise Duty) of Rs. 14,934 crores in the third quarter of Financial Year 2014-15 as against Rs.15,980 crores in the corresponding period of the last financial year. GAIL’s Net Profit for the third quarter of the FY 2014-15 stood at Rs 604 crores as against Rs. 1,679 crores in the corresponding period of the previous year. The Gross Margin was Rs. 1,126 crores in the third quarter of the current financial year as against Rs. 2,498 crores in the corresponding period last year while the Profit Before Tax was Rs. 853 crores in the third quarter as against Rs. 2,451 crores in the corresponding period last year.
The profit during the quarter was impacted mainly due to the subsidy burden of Rs. 500 crores pertaining to the second quarter of FY 2014-15 accounted for in the third quarter, lower off take of long-term contracted RLNG by power and fertilizer plants, reduction in domestic gas availability by over 5 MMSCMD and higher feedstock cost for petrochemicals.
Segment-wise Revenue
During the third quarter of the current financial year, the net sales from Petrochemicals business increased by 7 percent to Rs.1,246 crores as against Rs.1,164 crores in the corresponding period of last year. Revenues from LPG and Liquid Hydrocarbons business stood at Rs. 1,054 crores as against Rs. 1,933 crores in the corresponding period of last year. The sales from Natural Gas Marketing during the third quarter was Rs.13,167 crores as against Rs.13,287 crores in the corresponding period of the last year. During the third quarter of the current financial year, Natural Gas Transmission business stood at Rs. 995 crores as against Rs. 1,189 crores in the corresponding period of previous year. The Net sales of LPG transmission during the third quarter of the current financial year was Rs.107 crores as against Rs. 114 crores in the corresponding period last year.
Physical Performance
During the third quarter of the current financial year, the Natural Gas sales were 74.08 MMSCMD as against 79.74 MMSCMD during the corresponding period last year. During the third quarter of FY 2014-15, the petrochemical production was 119 TMT, as against 122 TMT in the corresponding period last year. The polymer sales during the third quarter of the current financial year were 112 TMT, up by 3 percent from 109 TMT in the corresponding period in the previous year. The LPG transmission during the third quarter of the current financial year was 773 TMT while it was 855 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 329 TMT against 330 TMT in the corresponding period last year. The LPG and Other Liquid Hydrocarbon sales during the third quarter of the current financial year were 330 TMT against 332 TMT in the corresponding period last year. The Natural Gas transmission during the third quarter of the current financial year was 94.09 MMSCMD as against 95.70 MMSCMD in the corresponding period last year.
Nine months Results
GAIL (India) Limited registered a turnover (net of Excise Duty) of Rs.42,334 crores in the first nine months of FY 2014-15 as against Rs.42,781 Crores in the corresponding period of the last financial year. GAIL’s Net Profit after tax for the first nine months of the FY 2014-15 was Rs. 2,528 crores as against Rs. 3,403 crores in the corresponding period previous year. The Gross Margin was Rs.4,654 crores in the first nine months of the current financial year as against Rs. 5,749 crores in the corresponding period last year. The Profit Before Tax stood at Rs. 3,726 crores in the first nine months of the current financial year against Rs. 4,963 crores in the corresponding period last year.
Segment-wise Revenue
During the first nine months of the current financial year, revenues from Natural Gas Transmission stood at Rs. 2,422 crores as against Rs. 3,255 crores in the corresponding period in the previous year. The net sales from Petrochemicals business during the nine months have increased by 3 percent to Rs. 3,520 crores as against Rs. 3,401 crores 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 increased by 1 percent to Rs. 4,018 crores as against Rs. 3,976 crores in the corresponding period of last year. The revenues from LPG transmission during the nine months of the current financial year have increased by 4 percent to Rs. 316 crores as against Rs. 303 crores in the corresponding period last year. The revenues from Natural Gas Marketing during the nine months of the current financial year was Rs. 36,655 crores as against Rs. 36,724 crores in the corresponding period of the last year.
Physical Performance
The Natural Gas transmission during the nine months of the current financial year was 94.05 MMSCMD as against 96.74 MMSCMD in the corresponding period last year. The Natural Gas sales during the nine months of FY 2014-15 were 73.18 MMSCMD as against 80.14 MMSCMD during the corresponding period last year. During the nine months of the current financial year, petrochemical production was 336 TMT as against 353 TMT in the corresponding period last year. The petrochemical sales during the nine months of the current financial year were 309 TMT as against 338 TMT in the corresponding period in the previous year. The LPG transmission during the nine months of the current financial year was 2,306 TMT, an increase of 1 percent as against from 2,283 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 978 TMT as against 1,015 TMT in the corresponding period last year. The LPG and Other Liquid Hydrocarbon sales during the nine months of the current financial year were 975 TMT against 1,019 TMT in the corresponding period last year.
Disclaimer: This communication is confidential and privileged and is directed to and for the use of the addressee only. The recipient, if not the addressee, should not use this message if erroneously received as access and use of this e-mail in any manner by anyone other than the addressee is unauthorized. The recipient acknowledges that GAIL (India) Limited may be unable to exercise control or ensure or guarantee the integrity of the text of this email message and the text is not warranted as to completeness and accuracy. Though GAIL (India) Limited has taken reasonable precautions to ensure no viruses are present in this e-mail, however, it cannot accept responsibility for any loss or damage arising from the use of this email or attachments.
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