GAIL registers turnover (net of Excise Duty) of Rs 14,063 crore during Q2 of FY 2014-15

GAIL registers turnover (net of Excise Duty) of Rs 14,063 crore during Q2 of FY 2014-15

31102014

Gross Margin up 37 % to Rs 2,311 crore; PAT up 42 % to Rs 1,303 crore

New Delhi, 31 October, 2014: GAIL (India) Limited registered a turnover (net of Excise Duty) of Rs 14,063 crore in the second quarter of FY 2014-15, against Rs 13,945 crore in the corresponding period of previous year. The Gross Margin increased by 37% to Rs 2,311 crore in the second quarter of the current financial year as against Rs 1,685 crore in the corresponding period of previous year. GAIL’s Profit after tax for the second quarter of the FY 2014-15 increased by 42% to Rs 1,303 crore against Rs 916 crore in the corresponding period of previous year. The Profit before Tax increased by 54% to Rs 1,983 crore in the second quarter of the current financial year as against Rs 1,288 crore in the corresponding period of previous year.

Segment-wise Revenue

During the second quarter of the current financial year, the sales from Natural Gas Marketing during the second quarter of the current financial year stood at Rs 11,819 crore as against Rs 12,378 crore in the corresponding period of previous year. The revenue from Natural Gas Transmission business was Rs 767 crore as against Rs 1,067 crore in the corresponding period of previous year. The net sales from Petrochemicals business increased by 13% to Rs 1,281 crore, as against Rs 1,134 crore in the corresponding period of previous year. The revenue from LPG and Liquid Hydrocarbons business increased by 64% to Rs 1,704 crore, as against Rs 1,039 crore in the corresponding period of previous year. The revenues from LPG transmission during the second quarter of the current financial year were Rs 98 crore as against Rs 95 crore in the corresponding period of previous year.

Physical Performance

During the second quarter of the current financial year, the Natural Gas sales were 68.95 MMSCMD against 78.58 MMSCMD during the corresponding period of previous year. The Natural Gas transmission during the second quarter of the current financial year was 91.18 MMSCMD against 95.21 MMSCMD in the corresponding period of previous year. The LPG transmission during the second quarter of the current financial year was 701 TMT, as against 729 TMT during the corresponding period of previous year. The petrochemical production was 119 TMT against 114 TMT in the corresponding period of previous year. The petrochemical sales during the second quarter of the current financial year were 110 TMT against 108 TMT in the corresponding period of previous year. The LPG and Other Liquid Hydrocarbon production during the second quarter of the current financial year was 322 TMT against 336 TMT in the corresponding period of previous year. The LPG and Other Liquid Hydrocarbon sales during the second quarter of the current financial year were 322 TMT against 337 TMT in the corresponding period of previous year.

Half-Yearly Performance

GAIL registered a turnover (net of Excise Duty) of Rs 27,400 crore in the first half of FY 2014-15, up from Rs 26,800 crore turnover in the corresponding period of previous year. GAIL’s Net Profit after tax for the first half of the FY 2014-15 increased by 12% to Rs 1,924 crore as against Rs 1,724 crore in the corresponding period of the previous year. The Gross Margin increased by 9% to Rs 3,528 crore in the first half of the current financial year as against Rs 3,251 crore in the corresponding period of previous year. The Profit Before Tax increased by 14% to Rs 2,873 crore as against Rs 2,512 crore in the corresponding period of previous year.

Segment-wise Revenue

During the first half of the current financial year, the revenues from Natural Gas Marketing was Rs 23,488 crore as against Rs 23,437 crore in the corresponding period of previous year. The revenues from Natural Gas Transmission stood at Rs 1,427 crore as against Rs 2,066 crore in the corresponding period of previous year. The revenues from LPG transmission during the first half of the current financial year went up by 11% to Rs 209 crore as against Rs 189 crore in the corresponding period last year. The net sales from Petrochemicals were Rs 2,274 crore as against Rs 2,237 crore in the corresponding period of previous year. The net sales from LPG and Liquid Hydrocarbons business during the first half of the current financial year increased by 45% to Rs 2,964 crore as against Rs 2,043 crore in the corresponding period of previous year.

Physical Performance

During the first half of the current financial year, petrochemical production was 217 TMT, as against 231 TMT in the corresponding period of previous year. The petrochemical sales during the first half of the current financial year were 197 TMT, as against 229 TMT in the corresponding period of previous year. The LPG and Other Liquid Hydrocarbon production during the first half of the current financial year were 649 TMT, against 685 TMT in the corresponding period of previous year. The LPG and Other Liquid Hydrocarbon sales during the first half of the current financial year were 645 TMT against 687 TMT in the corresponding period of previous year. The LPG transmission during the first half of the current financial year was 1,533 TMT, up by 7 percent against 1,428 TMT in the corresponding period of the previous year. The Natural Gas transmission during the first half of the current financial year was 94.03 MMSCMD, against 97.25 MMSCMD in the corresponding period of previous year. The Natural Gas sales during the first half of FY 2014-15 were 72.72 MMSCMD, against 80.33 MMSCMD in the corresponding period of previous year.