GAIL (India) Limited registered a turnover (net of Excise Duty) of Rs. 11,260 crore in the third quarter of FY 2011-12 as against Rs.8365 Crore, a 35 percent increase over the turnover in the corresponding period during the last financial year. GAIL’s net profit for the third quarter of the FY 2011-12 increased by 13 percent to Rs. 1091 crore against Rs. 968 crore in the corresponding period previous year. The gross margin increased by 19 percent to Rs. 1,816 crore in the third quarter of the current financial year against Rs. 1,524 crore in the corresponding period last year. The profit before tax increased by 19 percent to Rs. 1,598 crore in the third quarter of the current financial year against Rs. 1,347 crore in the corresponding period last year.

Segment-wise Revenue

During the third quarter of the current financial year, revenues from Natural Gas Transmission business have increased by 9 percent to Rs. 1,087 crore as against Rs. 1,001 crore in the corresponding period of previous year. The net sales from Petrochemicals business have increased by 54 percent to Rs. 878 crore as against Rs. 571 crore in the corresponding period of last year. The net sales from LPG and Liquid Hydrocarbons business during the third quarter of the current financial year have increased by 33 percent to Rs. 966 crore as against Rs. 729 crore in the corresponding period of last year. The sales from Natural Gas Trading during the third quarter of the current financial year increased by 35 percent to Rs. 9,149 crore as against Rs. 6,773 crore in the corresponding period of the last year. The revenues from LPG transmission during the third quarter of the current financial year have decreased by 5 percent to Rs. 122 crore as against Rs. 129 crore in the corresponding period last year. The increase in net profit during the third quarter of the current financial year was mainly due to the increase in Natural Gas trading, Natural gas transmission, Petrochemical and Liquid Hydrocarbon.

In the last two decades, GAIL has created a sizeable natural gas market in the country and presently has a capacity to transport 175 MMSCMD of Natural Gas through its Transmission Network. Currently, GAIL’s market share in gas transmission in the country is 72% with plans to double up the existing transportation capacity in the next two to three years.

Physical Performance

During the third quarter of the current financial year, the Natural Gas sales were 84.94 MMSCMD, up 2 percent from 83.36 MMSCMD during the corresponding period last year. During the third quarter of FY 2011-12, the petrochemical production was 118 TMT, up 16 percent from 102 TMT in the corresponding period last year. The polymer sales during the third quarter of the current financial year were 113 TMT, increased by 40 percent from 81 TMT in the corresponding period in the previous year. The LPG transmission during the third quarter of the current financial year was 870 TMT, down by 3 percent from 893 TMT during the corresponding period in the previous financial year. The LPG and Other Liquid Hydrocarbon production during the third quarter of the current financial year was 359 TMT, up 8 percent from 332 TMT in the corresponding period last year. The LPG and Other Liquid Hydrocarbon sales during the third quarter of the current financial year were 361 TMT, up 9 percent from 331 TMT in the corresponding period last year. The Natural Gas transmission during the third quarter of the current financial year was 119.06 MMSCMD, decreased by 1 percent from 120.19 MMSCMD in the corresponding period last year.

Nine months Results

GAIL (India) Limited registered a turnover (net of Excise Duty) of Rs. 29,826 crore in the first nine months of FY 2011-12 as against Rs.23,565 Crore, a 27 percent increase over the turnover in the corresponding period last financial year. GAIL’s Net Profit after tax for the first nine months of the FY 2011-12 increased by 14 percent to Rs. 3,170 crore against Rs. 2,778 crore in the corresponding period previous year. The Gross Margin increased by 13 percent to Rs. 5,250 crore in the first nine months of the current financial year against Rs. 4,633 crore in the corresponding period last year. The Profit Before Tax increased by 12 percent to Rs. 4,609 crore in the nine month of the current financial year against Rs. 4,101 crore in the corresponding period last year.

Segment-wise Revenue

During the nine months of the current financial year, revenues from Natural Gas Transmission have increased by 4 percent to Rs. 3,006 crore as against Rs. 2,877 crore in the corresponding period in the previous year. The net sales from Petrochemicals business have increased by 27 percent to Rs. 2,452 crore as against Rs. 1,930 crore in the corresponding period of last year. The net sales from LPG and Liquid Hydrocarbons business during the nine months of the current financial year have increased by 23 percent to Rs. 2,768 crore as against Rs. 2,246 crore in the corresponding period of last year. The revenues from LPG transmission during the nine months of the current financial year have decreased by 3 percent to Rs. 346 crore as against Rs. 357 crore in the corresponding period last year. The revenues from Natural Gas Trading during the nine months of the current financial year increased by 29 percent to Rs. 23,930 crore as against Rs. 18,514 crore in the corresponding period of the last year.

Physical Performance

The Natural Gas transmission during the nine months of the current financial year was 118.29 MMSCMD, up 1 percent from 117.09 MMSCMD in the corresponding period last year. The Natural Gas sales during the nine months of FY 2011-12 were 83.74 MMSCMD, up 2 percent from 82.41 MMSCMD during the corresponding period last year. During the nine months of the current financial year, petrochemical production was 338 TMT, up 15 percent against 294 TMT in the corresponding period last year. The petrochemical sales during the nine months of the current financial year were 330 TMT, increased by 20 percent from 276 TMT in the corresponding period in the previous year. The LPG transmission during the nine months of the current financial year was 2,483 TMT as against from 2,480 TMT during the corresponding period in the previous financial year. The LPG and Other Liquid Hydrocarbon production during the nine month of the current financial year were 1,088 TMT, increased by 6 percent from 1,030 TMT in the corresponding period last year. The LPG and Other Liquid Hydrocarbon sales during the nine months of the current financial year were 1,089 TMT, up 5 percent from 1,034 TMT in the corresponding period last year.