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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