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Consumption of raw materials improves - IPCL
16 Jan '07
3 min read
The Board of Directors of IPCL approved the results for the nine months ended December 31, 2006.
Comparison of Financial Results – nine months ended December 31, 2006 Vs nine months ended December 31, 2005:
Net Turnover (i.e. Turnover less Excise duty recovered on sales) for the nine months increased by 14% to Rs 9,122 crore (US$ 2.061 million) from Rs 8,009 crore in corresponding previous period. The increase of 14% in net turnover is on account of 4% increase in sales volume and 10% increase in selling prices of products. Increase in price variance was primarily on account of higher selling prices of polymer products, MEG, benzene and LAB.
Domestic sales of manufactured goods increased by 19% to Rs 7,913 crore (US$ 1,788 million) as compared to Rs 6,646 crore in corresponding previous period. Exports decreased by 15% to Rs 1,075 crore (US$ 243 million) as against Rs 1,266 crore in corresponding previous period.
Consumption of raw materials increased by 11% to Rs 4,816 crore (US$ 1,088 million) as compared to Rs 4,320 crore in corresponding previous period. The increase was primarily on account of higher prices of propane, ethane-propane mix (C2C3), semi rich gas, purified terapthalic acid (PTA) and n-paraffin.
Employee cost increased by 14% to Rs 386 crore (US$ 87 million) from Rs 340 crore primarily on account increase of dearness allowance and retiral benefits. Other expenditure decreased by 6% at Rs 2,013 crore (US$ 455 million) as compared to Rs 2,135 crore in the corresponding previous period. With effect from April 2006 at Gandhar Complex, naphtha has been substituted by gas, as fuel, resulting in lower power and fuel cost as compared to the corresponding previous period.
Comparison of Financial Results – nine months ended December 31, 2006 Vs nine months ended December 31, 2005:
Net Turnover (i.e. Turnover less Excise duty recovered on sales) for the nine months increased by 14% to Rs 9,122 crore (US$ 2.061 million) from Rs 8,009 crore in corresponding previous period. The increase of 14% in net turnover is on account of 4% increase in sales volume and 10% increase in selling prices of products. Increase in price variance was primarily on account of higher selling prices of polymer products, MEG, benzene and LAB.
Domestic sales of manufactured goods increased by 19% to Rs 7,913 crore (US$ 1,788 million) as compared to Rs 6,646 crore in corresponding previous period. Exports decreased by 15% to Rs 1,075 crore (US$ 243 million) as against Rs 1,266 crore in corresponding previous period.
Consumption of raw materials increased by 11% to Rs 4,816 crore (US$ 1,088 million) as compared to Rs 4,320 crore in corresponding previous period. The increase was primarily on account of higher prices of propane, ethane-propane mix (C2C3), semi rich gas, purified terapthalic acid (PTA) and n-paraffin.
Employee cost increased by 14% to Rs 386 crore (US$ 87 million) from Rs 340 crore primarily on account increase of dearness allowance and retiral benefits. Other expenditure decreased by 6% at Rs 2,013 crore (US$ 455 million) as compared to Rs 2,135 crore in the corresponding previous period. With effect from April 2006 at Gandhar Complex, naphtha has been substituted by gas, as fuel, resulting in lower power and fuel cost as compared to the corresponding previous period.
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