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GAIL Petrochemicals Biz revenues go up in Q3
01
Feb '08
GAIL (India) Limited registered a total revenue (net of Excise Duty) of Rs. 4483 crore in the third quarter of FY 2007-08 against the turnover of Rs. 4563 crore in the corresponding previous period.

The Profit Before Tax increased by 2.4 percent to Rs. 899 crore in the third quarter of the current financial year against Rs. 878 crore in the corresponding period last year. The Net Profit during the third quarter of FY 2007-08 was Rs. 621 crore against Rs. 665 crore in the corresponding previous period.

For the nine month period ended 31st December 2007, however, the Company registered Net Sales of Rs. 13,073 crore, a 7.4 per cent increase against Net Sales of Rs. 12,164 crore in the corresponding period last year.

The Net Profit for the period ended 31st December 2007 was Rs. 1879 crore, up 10 percent over Rs.1706 crore in the corresponding previous period.

The marginal decrease in the revenues and net profit during the third quarter of the current financial year was mainly due to the increased subsidy burden and corporate tax during the third quarter of the current financial year as against the corresponding period last year.

The LPG subsidy during the period increased by over Rs. 52 crore to Rs. 367.5 crore compared to Rs. 315 crore in the corresponding previous period.

Segment-wise Revenue:
During the third quarter of the current financial year, revenues from Petrochemicals business were Rs. 538 crore as against Rs. 624 crore in the corresponding period of last year.

The revenues from LPG and Liquid Hydrocarbons business during the third quarter of the current financial year were Rs. 528 crore as against Rs. 594 crore in the corresponding period of last year.

The revenues from Natural Gas Trading during the third quarter of the current financial year were Rs. 3112 crore as against Rs. 3149 crore in the corresponding period of the last year.

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