GAIL makes Rs 511 cr profit in Q4, Rs 3,039 cr in full fiscal

 The Profit Before Tax during the year was Rs 4,284 crore as against Rs 6,402 crore in the previous year. The Profit After Tax in 2014-15 was Rs 3,039 crore while it was Rs 4,375 crore in the previous year.  The information was shared by GAIL CMD B C Tripathi in a Press conference held here on Wednesday. 

He added that during the current financial year, sales from natural gas marketing increased to Rs 49,174 crore from Rs 48,922 crore in previous year. The net sales from petrochemicals business have increased by 3% to Rs 4,720 crore as against Rs 4,582 crore in previous year. The net sales from LPG and Liquid Hydrocarbon’s business during the current financial year was Rs 5,053 crore as against Rs 5,462 crore in last year. Revenues from natural gas transmission business stood at Rs 3,349crore as against Rs 4,104 crore in last year. 

Revenues from LPG transmission during the current financial year have increased by 6% to Rs 441 crore as against Rs 418 crore in previous year. The decrease in net profit during the current financial year was mainly due to decrease in volume of natural gas marketing, decrease in volume of natural gas transmission, tariff reduction by PNGRB for some of the pipelines, lower price realisation of liquid <g data-gr-id="99">hydro carbon</g> products and increase in cost of production of polymers due to usage of more RLNG.

During fiscal 2014-15, petrochemical production increased by 3% to 447 <g data-gr-id="84">tmt</g> as against 436 <g data-gr-id="85">tmt</g> in the last year. During the current financial year, polymer sales stood at 441 <g data-gr-id="86">tmt</g> as against 445 <g data-gr-id="87">tmt</g> in the previous year. During the current financial year, LPG and <g data-gr-id="92">other</g> liquid hydrocarbon production <g data-gr-id="91">was</g> 1,276 <g data-gr-id="88">tmt</g> as against 1,303 <g data-gr-id="89">tmt</g> in the last year. 

The LPG and other liquid hydrocarbon sales during the current financial year was 1,277 <g data-gr-id="76">tmt</g>, against 1,307 <g data-gr-id="77">tmt</g> of last year. The LPG transmission during the current financial year stood at 3,093 <g data-gr-id="78">tmt</g> as against 3,145 <g data-gr-id="79">tmt</g> in the previous year. The natural gas transmission volume was 92.10 <g data-gr-id="80">mmscmd</g> as against 96.22 <g data-gr-id="81">mmscmd</g> in the previous year. 

The natural gas sales during the current financial year <g data-gr-id="73">was</g> 72.07 <g data-gr-id="74">mmscmd</g> as against 79.18 <g data-gr-id="75">mmscmd</g> in the previous year. During the year 2014-15, as per consolidated financial statements, the total group sales (net of Excise Duty) was Rs 60,704 crore. The consolidated gross margin was Rs 4,430 crore, the Profit Before Tax was Rs 4,492 crore and Group Profit After Tax was Rs 3,160 crore. 

The Earning Per Share (EPS) was Rs 23.96 per share in the year 2014-15 as against Rs 34.49 per share in the year 2013-14. The EPS as per consolidated financial results was Rs 24.91 per share as against Rs 34.48 per share in the previous year. GAIL (India) Limited registered a turnover (net of Excise Duty) of Rs 14,235 crore in the fourth quarter of fiscal 2014-15 as against Rs 14,464 crore in the corresponding quarter during the last financial year. The gross margin for the fourth quarter of the fiscal 2014-15 was Rs 903 crore as against Rs 1,851 crore earlier. profit before tax for the fourth quarter stood at Rs 558 crore as against Rs 1,439 crore. 

GAIL’s Net Profit After Tax for the fourth quarter was Rs 511 crore against Rs 972 crore in the corresponding quarter of the previous year. During the fourth quarter of the current financial year, net sales from LPG and liquid hydrocarbons business stood at Rs 1,035 crores as against Rs 1,486 crores in the corresponding period of last year. Net sales from petrochemicals have increased by 2% to Rs 1,200 crore as against Rs 1,180 crore in the corresponding period of last year. 

Revenue from natural gas marketing <g data-gr-id="58">have</g> increased by 3% to Rs 12,519 crore as against Rs 12,198 crore in the corresponding period of the last year. The revenues from natural gas transmission business have increased by 9% to Rs 927 crore as against Rs 849 crore in the corresponding period of previous year. The revenues from LPG transmission have increased by 8% to Rs 124 crores as against Rs 115 crores in the corresponding period last year. 

The decrease in net profit in the fourth quarter of FY 2014-15 was mainly due to decrease in volume of natural gas marketing, decrease in volume of NG transmission, lower price realisation of polymers and liquid hydrocarbon products and increase in cost of production of polymers due to usage of more RLNG. During the fourth quarter of the current financial year, the natural gas sales <g data-gr-id="59">was</g> 68.70 <g data-gr-id="70">mmscmd</g> as against 76.26 <g data-gr-id="71">mmscmd</g> during the corresponding quarter of last year. 

The natural gas transmission during the fourth quarter of the current financial year was 86.15 <g data-gr-id="61">mmscmd</g> as against 94.66 <g data-gr-id="62">mmscmd</g> in the corresponding period last year. During the fourth quarter, the petrochemical production was 111 <g data-gr-id="63">tmt</g>, an increase of 34% from 83 <g data-gr-id="64">tmt</g> in the corresponding quarter last year. The polymer sales during the fourth quarter of the current financial year have increased by 23% to 132 <g data-gr-id="65">tmt</g> as against 107 <g data-gr-id="66">tmt</g> in the corresponding quarter in the previous year. 

The LPG transmission during the fourth quarter of the current financial year was 788 <g data-gr-id="55">tmt</g> as against 863 <g data-gr-id="56">tmt</g> during the corresponding quarter in the previous financial year.