Net Profit up 12% at Rs. 3140 crore; Board recommends total dividend of 75% on paid up capital.
GAIL (India) Limited has recorded sustained performance in key physical as well as financial parameters in the Financial Year 2009-10. According to the audited figures, Turnover (net of excise duty) in the year 2009-10 increased by 5 per cent to Rs. 24,996 crore from Rs. 23,898 crore in FY 2008-09. The Profit Before Tax during the year 2009-10 increased by 9 percent to Rs. 4,578 crore from Rs. 4,204 crore in the previous year. The Profit After Tax during the year 2009-10 increased by 12% to Rs. 3,140 crore from Rs. 2804 crore in the previous year. The Gross Margin during the year 2009-10 increased by 7 percent to Rs. 5,210 crore from Rs. 4,851 crore. The Board of Directors has recommended payment of total dividend at the rate of 75 percent on the paid-up share capital of the Company for FY 2009-10 inclusive of 20 percent interim dividend already paid.
Segment-wise Revenue
During the current financial year, revenues from Natural Gas Transmission business have increased by 28 percent to Rs. 3168 crore as against Rs.2482 crore in last year. The revenues from LPG transmission during the current financial year have increased by 18 percent to Rs. 447 crore as against Rs. 380 crore in last year. The sales from Natural Gas Trading during current financial year increased by 3 percent to Rs. 18,803 crore as against Rs.18,308 crore in last year. The net sales from Petrochemicals business have increased by 2 percent to Rs. 2,912 crore as against Rs.2,850 crore in last year. The net sales from LPG and Liquid Hydrocarbons business during the current financial was Rs. 2,833 crore as against Rs. 2968 crore in last year.
The increase in net profit during the current financial year was mainly due to the increase in Natural gas, LPG transmission and LHC sales quantity.
Physical Performance
During the current financial year, the Natural Gas transmission was 106.74 MMSCMD, increased by 28 percent from 83.29 MMSCMD in the last year. The LPG transmission during the current financial year was 3,161 TMT, up by 15 percent from 2,744 TMT in the last financial year. The Natural Gas sales during the current financial year were 81.43 MMSCMD, up 3 percent from 79.06 MMSCMD in the last year. The LPG and Other Liquid Hydrocarbon production during the current financial year was 1,440 TMT, up 3 percent from 1401 TMT in the last year. The LPG and Other Liquid Hydrocarbon sales during the current financial year were 1443 TMT, up 3 percent from 1405 TMT in the last year. During FY 2009-10, the petrochemical production was 417 TMT as against 420 TMT in the last year. The polymer sales during current financial year were 410 TMT as against 423 TMT in the last year.
During the year 2009-10, as per consolidated financial statements, the total group sales (net of Excise Duty) were Rs. 27,035 crore. The consolidated Gross Margin was Rs. 6,032 crore, the Profit Before Tax was Rs. 4,824 crore and Group Profit After Tax was Rs. 3,328 crore.
The Earning Per Share (EPS) was Rs. 24.75 per share in the year 2009-10 as against Rs. 22.10 per share in the year 2008-09. The EPS as per consolidated statement was Rs. 26.23 per share as against Rs. 22.28 per share in the previous year.
Q4 Results of 2009-10
GAIL (India) Limited registered a turnover (net of Excise Duty) of Rs. 6,522 crore in the fourth quarter of FY 2009-10 as against Rs.6,128 Crore, a 6 percent increase over the turnover in the corresponding quarter during the last financial year. GAIL’s Net Profit for the fourth quarter of the FY 2009-10 increased by 45 percent to Rs. 911 crore against Rs. 630 crore in the corresponding quarter of previous year. The Gross Margin increased by 25 percent to Rs. 1,465 crore in the fourth quarter of the current financial year as against Rs.1,175 crore in the corresponding period last year. The Profit Before Tax increased by 30 percent to Rs. 1,306 crore in the fourth quarter of the current financial year against Rs.1,004 crore in the corresponding period of last year.
Segment-wise Revenue
During the fourth quarter of the current financial year, the revenues from LPG transmission have increased by 23 percent to Rs. 122 crores as against Rs. 99 crores in the corresponding period last year. The net sales from LPG and Liquid Hydrocarbons business during the fourth quarter of the current financial year have increased by 20 percent to Rs. 920 crores as against Rs. 768 crores in the corresponding period of last year. The net sales from Petrochemicals business have increased by 17 percent to Rs. 822 crore as against Rs. 705 crore in the corresponding period of last year.The revenues from Natural Gas Transmission business have increased by 14 percent to Rs. 740 crore as against Rs. 651 crore in the corresponding period of previous year. The sales from Natural Gas Trading during the fourth quarter of the current financial year was Rs.4,665 crore as against Rs.4,743 crore in the corresponding period of the 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 fourth quarter of the current financial year, the Natural Gas sales were 83.59 MMSCMD, up 8 percent from 77.40 MMSCMD during the corresponding quarter of last year. During the fourth quarter of FY 2009-10, the petrochemical production was 112 TMT, up 8 percent from 104 TMT in the corresponding quarter last year. The polymer sales during the fourth quarter of the current financial year were 109 TMT as against 114 TMT in the corresponding quarter in the previous year. The LPG transmission during the fourth quarter of the current financial year was 871 TMT, up by 22 percent from 715 TMT during the corresponding quarter in the previous financial year. The LPG and Other Liquid Hydrocarbon production during the fourth quarter of the current financial year was 357 TMT, up 5 percent from 341 TMT in the corresponding quarter of last year. The LPG and Other Liquid Hydrocarbon sales during the fourth quarter of the current financial year were 356 TMT, up 3 percent from 344 TMT in the corresponding period last year. The Natural Gas transmission during the fourth quarter of the current financial year was 114.76 MMSCMD, increased by 39 percent from 82.53 MMSCMD in the corresponding period last year.
