Monday, August 2, 2010

GAIL = FIRST QUARTER (Q1 FY2011) = RESULTS = GOOD IMPROVEMENT = PIPELINE COMPLETION IN APRIL'11, DEC'12 = BETTER PROFITABILITY EXPECTED



GAS AUTHORITY OF INDIA LIMITED
Q1 FY 2011 RESULTS
COMPARISON
NON-CONSOLIDATED FIGURES

Gas Authority of India Limited has released  good results for  the first quarter ending June,2010.
These are compared below with the previous quarter (Q4 FY2010), the corresponding quarter (Q1 FY2010) and proportionately (Q1 FY2010 x 4) with the FY2010.
Net Sales is Rs.7096 Cr – up by 8.8% over previous quarter (Rs.6522 Cr) – up by 17.8% over corresponding qtr (Rs.6021 Cr) – and up proportionately by 13.6% from FY2010 (Rs.24996 Cr).
Profit from Operations        is Rs.1295 Cr – up by 5.7% from previous qtr (Rs.1225 Cr) – up by 37% from corresponding Qtr (Rs.945 Cr) – and up proportionately by 22.9% from FY2010 (Rs.4214 Cr) , largely aided by less than proportionate increase in expenditure.
Net Profit  is Rs.886.88 Cr – DOWN  by 2.6% from previous Qtr (Rs.910.82 Cr)  - up by a good 35.2% from corresponding qtr (Rs.655.84 Cr)  - and also proportionately up by 13% from FY2010 (Rs.3139.84 Cr)
Basic EPS on a Face Value of Rs.10 is Rs.6.99 – down by 2.6% from previous qtr (Rs.7.18)  - up by 35.2% from corresponding qtr (Rs.5.17) – and also up proportionately by 13% from FY2010 (Rs.24.75) . At this rate, the stand alone EPS for the year may be around Rs.28.
PE RATIO : Current Market price of the share is rs.447/-. Based on estimated annual EPS for FY11 of rs.28/- the PE ratio comes to 15.96.
As per GAIL News dated 17th, May 2010, some of its Gas pipe lines are due for commissioning in April2011 and some in Dec2012. Once these are commissioned, its operational cost to supply to the customers may fall and improve the profitability.
RESULTS IN FIGURES :

Jun-10
Mar-10
dif%1
Jun-09
dif%2
dif%3
Net Sales
709595
652212
8.8
602142
17.8
2499640
13.6
Other Optg Income
1980
4691
-57.8
1991
-0.6
10685
-25.9
SIT&WIP
-7150
-6403
11.7
3839
-286
-2059
1289
Raw Materials
53413
53967
-1
51644
3.4
219934
-2.9
 Traded Goods
458421
392093
16.9
378432
21.1
1543003
18.8
Employees Cost
16346
10847
50.7
13201
23.8
62120
5.3
Depreciation
15996
13888
15.2
14041
13.9
56182
13.9
Other Exp
45086
70031
-35.6
48476
-7
209723
-14
Total Exp
582112
534423
8.9
509633
14.2
2088903
11.5
Profit.Operations
129463
122480
5.7
94500
37
421422
22.9
Other Income
4775
10166
-53
5993
-20.3
43425
-56
P B I&EI
134238
132646
1.2
100493
33.6
464847
15.5
Interest
2054
2001
2.6
1792
14.6
7000
17.4
P A I BB EI
132184
130645
1.2
98701
33.9
457847
15.5
P B T
132184
130645
1.2
98701
33.9
457847
15.5
Tax expense
43496
39563
9.9
33117
31.3
143863
20.9
P A T
88688
91082
-2.6
65584
35.2
313984
13
Net Profit
88688
91082
-2.6
65584
35.2
313984
13
Dividend%
-
55

-

75

Face Value .Rs
10
10
0
10
0
10
300
Paid Up Equity
126848
126848
0
126848
0
126848
300
Reserves
-
-

-

1553052

Basic EPS
6.99
7.18
-2.6
5.17
35.2
24.75
13
Public holding%
41.84
41.54
0.7
41.23
1.5
41.54
302.9


ANNOUNCEMENTS


TO THE EXCHANGE

02-08-2010        GAIL (India) Limited has informed the Exchange regarding the standalone Results for the quarter ended on 30-JUN-2010 as follows: Net Sales of Rs. 709595 lacs for quarter ending on 30-JUN-2010 against Rs. 602142 lacs for the quarter ending on 30-JUN-2009. Net Profit / (Loss) of Rs. 88688 lacs for the quarter ending on 30-JUN-2010 against Rs. 65584 lacs for the quarter ending on 30-JUN-2009.     -
22-07-2010        Gail (India) Limited had informed the Exchange regarding Book Closure from September 05, 2010 to September 22, 2010 (both days inclusive) for the purpose of Final Dividend & AGM. The Company has now informed the Exchange that the Company has Revised the said Book Closure, now the Register of Members & Share Transfer Books of the Company will remain closed from September 04, 2010 to September 22, 2010 (both days inclusive) for the purpose of determining the eligibility for final dividend @55% (Rs.5.5/- per share) on the paid-up share capital for the FY 2009-10 to be declared at the AGM.         -
21-07-2010        Gail (India) Limited has informed the Exchange that Annual General Meeting (AGM) of the Members of the Company is scheduled for September 22, 2010. Further, the Register of Members and the Share Transfer Books of the Company shall remain closed from September 05, 2010 to September 22, 2010 (both days inclusive) for the purpose of determining the eligibility for final dividend @55% (Rs.5.5/- per share) on the paid-up share capital for the FY 2009-10 to be declared at the said AGM. It is further informed that the said final dividend , if so approved by the members of the Company at the aforesaid AGM, is proposed to be paid from September 30, 2010 onwards.     -
17-05-2010        Gail (India) Limited has informed the Exchange regarding a press release dated May 17, 2010, titled "GAIL's Turnover Increases 5% to Rs. 24,996 crore in FY 2009-10 - Net Profit up 12% at Rs. 3140 crore - Board recommends total dividend of 75% on paid up capital".
17-05-2010        Gail (India) Limited has informed the Exchange that at the Meeting of Board of Directors held on May 17, 2010 have recommended the payment of Final Dividend @ 55% (Rs. 5.50/- per share) on the paid-up equity share capital of the Company for the FY 2009-10, subject to approval of shareholders in the ensuing Annual General Meeting.    -
17-05-2010        GAIL (India) Limited has informed the Exchange regarding the standalone Results for the year ended on 31-MAR-2010 as follows: Net Sales of Rs. 2499640 lacs for year ending on 31-MAR-2010 against Rs. 2377595 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 313984 lacs for the year ending on 31-MAR-2010 against Rs. 280370 lacs for the year ending on 31-MAR-2009.     -
17-05-2010        GAIL (India) Limited has informed the Exchange regarding the standalone Results for the quarter ended on 31-MAR-2010 as follows: Net Sales of Rs. 652212 lacs for quarter ending on 31-MAR-2010 against Rs. 610431 lacs for the quarter ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 91082 lacs for the quarter ending on 31-MAR-2010 against Rs. 63002 lacs for the quarter ending on 31-MAR-2009.   -
17-05-2010        GAIL (India) Limited has informed the Exchange regarding the consolidated Results for the year ended on 31-MAR-2010 as follows: Net Sales of Rs. 2703530 lacs for year ending on 31-MAR-2010 against Rs. 2465937 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 332783 lacs for the year ending on 31-MAR-2010 against Rs. 282635 lacs for the year ending on 31-MAR-2009.     -
31-03-2010        Gail (India) Limited has informed the Exchange, vide its letter dated March 31, 2010, regarding a press release dated March 30, 2010, titled "GAIL starts gas supply to Maruti Suzuki".
17-03-2010        Gail (India) Limited has informed the Exchange, vide its letter dated March 17, 2010, regarding a press release dated March 16, 2010, titled "GAIL targets for over 114 MMSCMD Gas Transmission in FY 2010-11 Signs Annual MoU with MoP&NG".
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