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BW Businessworld

On A Steady Rise

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GAIL (India) Limited has registered a turnover of Rs 8,867 crore in the 1st quarter (Q1)of FY 2011-2012 which marks a 25 percent increase from  their revenue of Rs 7,096 crore earned  in the corresponding financial quarter last year. The company's profit before tax increased by 9 per cent to Rs 1,443 crore in this quarter from Rs  1,322 crore in in Q1 2010-11 and there has been a significant rise of 11 per cent in their net profit which has increased to Rs 985 crore from Rs 887 crore.

Additionally, GAIL has allocated Rs 682 crore towards LPG subsidy this quarter denoting a substantial increment from the Rs 445 crore it spent in its first quarter last year. Furthurmore, the company has experienced a growth of 32 per cent net sales from natural gas trading which rose from Rs 5,452 crore in last year's Q1 to Rs 7,205 crore in this quarter.

The revenue from natural gas transmission during the first quarter of the current financial year has increased by 5 per cent to Rs 939 crore as against Rs 897 crore in the corresponding quarter of the previous year. The net sales from LPG and other liquid hydrocarbons businesses during this quarter have increased by 4 per cent to Rs 814 crore from Rs 781 crore. The revenue from LPG transmission however, remained flat at around Rs 114 crore. The increase in revenue is mainly due to higher volume of natural gas transmission and an increase in the price of APM gas as well as LPG and liquid hydrocarbons.

 The natural gas transmission during the first quarter of the current financial year was 117.16 Million Metric Standard Cubic Meter Per Day (MMSCMD) as against 116.18 MMSCMD in the corresponding quarter last year. The quantity of polymer sales remains flat at 88 TMT and LPG and other Liquid hydrocarbons sales were 349 TMT as against 356 TMT in the corresponding quarter in the previous year. The LPG transmission during the first quarter of the current financial year was 817 TMT as against 788 TMT during the corresponding quarter in the previous financial year. The quantity of polymer production was 109 TMT as against 99 TMT, LPG and other Liquid hydrocarbons production were 350 TMT as against 361 TMT in the corresponding quarter in the previous year.