INDRAPRASTHA GAS = Q 3 ENDING DEC, 2010 = RESULTS = IMPROVING IN EACH QUARTER

Indraprastha

Gas Limited

NSE Symbol   IGL

Q-3 RESULTS (Q/E DEC 2010)

Indraprastha gas has produced improved results for Q 3 ending dec’2010.

NET SALES : is Rs.454.71 Cr – which is 2.16% higher compared to Q2,  35.73% higher compared to Q1, 57.99% higher compared to Q4 of FY10, and 59.76% higher compared to Q3 of FY10.

Profit from Operations is Rs. 103 cr – higher by 2.26% compared to Q2; by 22.2% compared to Q1; by 38.24% compared to Q4 of FY 10; and by 20.73% compared to Q3 of FU10.

NET PROFIT is Rs.67 cr – higher by 1.38% compared to Q2; by17.59% compared to Q1; by 30.5% compared to Q4 of FY10; and by 14.02% compared to Q3 of FY10.

Basic EPS      is Rs.4.8 in Q3; Rs.4.73 in Q2; Rs.4.08 in Q1; Rs.3.68 in Q4 of FY 10; and Rs.4.21 in Q3 of FY10.

Thus, uniformly, current year results are better than last year.

PE RATIO : Current market price is Rs.331. At the above rates, current year EPS is likely to be around 18.45. The PE Ratio works out to 17.94.

INDRA PRASTHA GAS	31-Dec-10	30-Sep-10	30-Jun-10	31-Mar-10	31-Dec-09
Net Sales	45470.63	44507.4	33500.88	28780.42	28461.44
Dif%1	45470.63	2.16	35.73	57.99	59.76
Other Opertng Income	238.71	171.69	76.7	195.86	168.82
Increase/decrease in SIT & WIP	-8.72	-1	-26.34	37.45	-33.28
Raw Materials	25987.01	25467.24	16697	13784.07	12867.45
Employees Cost	990.29	987.33	917.18	964.26	790.71
Depreciation	2615.73	2388.89	2309.21	1981.62	1968.96
Other Expenditure	5813.44	5753.38	5241.92	4749.53	4495.51
Total Expenditure	35397.75	34595.84	25138.97	21516.93	20089.35
Profit from Operations	10311.59	10083.25	8438.61	7459.35	8540.91
Dif%2	10311.59	2.26	22.2	38.24	20.73
Other Income	66.95	53.89	109.03	250.2	359.75
Interest6	411.6	201.72	-	-	-
Profit before tax	9966.94	9935.42	8547.64	7709.55	8900.66
Tax expense	3247.78	3307.62	2833.68	2560.85	3007.44
Net Profit	6719.16	6627.8	5713.96	5148.7	5893.22
Dif%3	6719.16	1.38	17.59	30.5	14.02
Dividend (%)	-	-	-	45	-
Face Value.Rs.	10	10	10	10	10
Paid Up Equity	14000.02	14000.02	14000.02	14000.02	14000.02
Basic EPS	4.8	4.73	4.08	3.68	4.21
Public Shareholding (%)	55	55	55	55	55

ANNOUNCEMENTS

TO THE NSE

12-11-2010             Indraprastha Gas Limited has informed the Exchange regarding the standalone Results for the quarter ended on 30-SEP-2010 as follows: Net Sales of Rs. 44507.4 lacs for quarter ending on 30-SEP-2010 against Rs. 27314.03 lacs for the quarter ending on 30-SEP-2009. Net Profit / (Loss) of Rs. 6627.8 lacs for the quarter ending on 30-SEP-2010 against Rs. 5680.33 lacs for the quarter ending on 30-SEP-2009.

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