India: GAIL Turnover Climbs

GAIL of india registered a turnover of Rs. 13,945 crore in the second quarter of Financial Year 2013-14, an increase of 23% as against Rs. 11,361 crore in the corresponding period during the last financial year.

The Gross Margin was Rs. 1,685 crore in the second quarter of the current financial year, an increase of 2% from Rs. 1,648 crore, in the corresponding period last year. GAIL’s Profit after tax for the second quarter of the FY 2013-14 was Rs. 916 crore as against Rs. 985 crore in the corresponding period of the previous year. The Profit before Tax was Rs. 1,288 crore as against Rs. 1,373 crore in the corresponding period last year.

Segment-wise Revenue

During the second quarter of the current financial year, the sales from Natural Gas Trading during the second quarter of the current financial year increased by 28 percent to Rs. 12,378 crore as against Rs. 9,697 crore in the corresponding period of the last year. The revenues from Natural Gas Transmission business increased by 8 percent to Rs. 1,067 crore as against Rs. 984 crore in the corresponding period of previous year. The net sales from Petrochemicals business stood at Rs. 1,134 crore, an increase of 29 percent as against Rs. 880 crore in the corresponding period of last year. The net sales from LPG and Liquid Hydrocarbons business was Rs. 1039 crore, an increase of 35 percent as against Rs. 770 crore in the corresponding period of last year. The revenues from LPG transmission during the second quarter of the current financial year were Rs. 95 crore as against a loss of Rs. 4 crore in the corresponding period last year.

Physical Performance

During the second quarter of the current financial year, the Natural Gas sales stood at 78.58 MMSCMD against 80.70 MMSCMD during the corresponding period last year. The Natural Gas transmission during the second quarter of the current financial year was 95.21 MMSCMD against 105.64 MMSCMD in the corresponding period last year. The LPG transmission during the second quarter of the current financial year was 729 TMT as against 813 TMT during the corresponding period in the previous financial year. The petrochemical production was 114 TMT against 113 TMT in the corresponding period last year. The petrochemical sales during the second quarter of the current financial year were 108 TMT against 101 TMT in the corresponding period in the previous year. The LPG and Other Liquid Hydrocarbon production during the second quarter of the current financial year was 336 TMT against 357 TMT in the corresponding period last year. The LPG and Other Liquid Hydrocarbon sales during the second quarter of the current financial year were 337 TMT against 361 TMT in the corresponding period last year.

Half yearly Results

GAIL (India) Limited registered a turnover of Rs. 26,800 crore in the first half of FY 2013-14, an increase of 19 percent from Rs. 22,450 crore in the corresponding period of the last financial year. GAIL’s Net Profit after tax for the first half of FY 2013-14 was Rs. 1,724 crore as against Rs. 2,119 crore in the corresponding period of the previous year. The Gross Margin stood at Rs. 3,251 crore in the first half of the current financial year as against Rs. 3,609 crore in the corresponding period last year. The Profit Before Tax was Rs. 2,512 crore as against Rs. 3,058 crore in the corresponding period last year.

Segment-wise Revenue

During the first half of the current financial year, the revenues from Natural Gas Trading increased by 24 percent to Rs. 23,437 crore as against Rs. 18,939 crore in the corresponding period of the last year. The revenues from Natural Gas Transmission increased by 9 percent to Rs. 2,066 crore as against Rs. 1,899 crore in the corresponding period of the previous year. The revenues from LPG transmission during the first half of the current financial year increased by 72 percent to Rs. 189 crore as against Rs. 110 crore in the corresponding period last year. The net sales from Petrochemicals business increased by 54 percent to Rs. 2,237 crore as against Rs. 1,454 crore. The net sales from LPG and Liquid Hydrocarbons business during the first half of the current financial year increased by 11 percent to Rs. 2,043 crore as against Rs. 1,842 crore in the corresponding period of last year.

Physical Performance

During the first half of the current financial year, petrochemical production was 231 TMT, up by 20 percent against 193 TMT in the corresponding period last year. The petrochemical sales during the first half of the current financial year were 229 TMT, up by 37 percent against 167 TMT in the corresponding period in the previous year. The LPG and Other Liquid Hydrocarbon production during the first half of the current financial year were 685 TMT, against 684 TMT in the corresponding period last year. The LPG and Other Liquid Hydrocarbon sales during the first half of the current financial year were 687 TMT against 683 TMT in the corresponding period last year. The LPG transmission during the first half of the current financial year was 1,428 TMT against 1,658 TMT during the corresponding period in the previous financial year. The Natural Gas transmission during the first half of the current financial year was 97.25 MMSCMD, against 107.72 MMSCMD in the corresponding period last year. The Natural Gas sales during the first half of FY 2013-14 stood at 80.33 MMSCMD against 81.92 MMSCMD during the corresponding period last year.

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LNG World News Staff, October 25, 2013