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| AUDITED
FINANCIAL RESULTS |
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PETRONET LNG LIMITED
Regd Office: World Trade Centre, First Floor, Babar Road, Barakhamba
Lane,
New Delhi - 110001
Audited Financial Results for the Quarter
and Year ended on 31st March 2006 |
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Quarter ended
31.03.2006
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Quarter ended
31.03.2005
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Year
ended
31.03.2006
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Previous year ended
31.03.2005
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| 1 |
Sales Qty (TBTUs)
|
60.06 |
34.25 |
246.81 |
125.03 |
| 2 |
Net Sales / Income
from Operations |
94,174.81 |
52,326.52 |
383,717.34 |
194,526.46 |
| 3 |
Other
Income |
671.14 |
357.74 |
1,944.31 |
1,326.77 |
| 4 |
Total Expenditure |
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a)
Consumption of Raw materials |
77,083.78 |
44,791.56 |
325,348.44 |
169,605.12 |
| b) Staff Cost |
264.35 |
221.74 |
1,100.42 |
883.50 |
| c) Other expenditure
|
2,299.54 |
2,768.64 |
8,452.46 |
8,990.11 |
| 5 |
Finance Charges
|
2,647.25 |
3,054.05 |
11,161.07 |
10,938.85 |
| 6 |
Profit/ (Loss)
before Depreciation & Tax |
12,551.03 |
1,848.27 |
39,599.26 |
5,435.65 |
| 7 |
Depreciation |
2,512.62 |
2,486.37 |
10,095.60 |
9,680.21 |
| 8 |
Profit/ (Loss)
before tax |
10,038.41 |
(638.10) |
29,503.66 |
(4,244.56) |
| 9 |
Provision
for Taxation |
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| a) Current Taxation (Minimum
Alternate Tax) |
850.00 |
- |
2,500.00 |
- |
| b) Deferred Tax Liability/(Assets)
|
2,550.00 |
(1,400.00) |
7,450.00 |
(1,400.00) |
| c) Fringe Benefit Tax |
23.50 |
- |
61.00 |
- |
| 10 |
Net profit/ (Loss)
|
6,614.91 |
761.90 |
19,492.66 |
(2,844.56) |
| 11 |
Paid-up equity
share capital (Face Value of Rs 10 each) |
75,000.00 |
75,000.00 |
75,000.00 |
75,000.00 |
| 12 |
Reserves excluding
revaluation reserves |
32,194.60 |
12,701.94 |
32,194.60 |
12,701.94 |
| 13 |
Basic
and Diluted EPS*
*Not annualised in case
of quarterly results |
0.88 |
0.10 |
2.60 |
(0.38) |
| 14 |
Aggregate
of Non-Promoter Shareholding |
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a) Number of shares
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375,000,044 |
375,000,044 |
375,000,044 |
375,000,044 |
| b) Percentage of
Shareholding |
50% |
50% |
50% |
50% |
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Notes |
| 1. |
The above results have
been reviewed by Audit Committee and taken on record by the Board
of Directors in their meeting held on
27.04.2006. |
| 2. |
No complaint was pending
to be resolved at the beginning of the quarter. 40 complaints were
received during the Quarter and
were resolved. No complaint was pending to be resolved at the end
of the Quarter. |
| 3. |
The Company has executed
the LNG Port Terminal Concession Agreement (Concession Agreement)
with Gujarat Maritime Board
(GMB) and the Government of Gujarat on December 20, 2005. The Company
had paid waterfront royalty to GMB in respect of
LNG cargos arrived at its port at Dahej as per the Schedule of rates
which are higher than agreed in the Concession Agreement.
The Company has therefore adjusted Rs. 1749.01 lacs during the year
from consumption of raw materials towards refund of
waterfront royalty on cargoes arrived upto March 31, 2005. |
| 4. |
The company commenced
commercial production on 9th April 2004. Hence, profit & loss
account for the previous year ended
31.3.2005 is for the period 9th April 2004 to 31.3.2005. |
| 5. |
The deferred tax assets
for the Financial Year 2004-05 was recognised at the end of the year. |
| 6. |
The Company is presently
operating in one segment viz. Regasified - Liquefied Natural Gas (R-
LNG). |
Place: New Delhi
Date : 27th April 2006
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By order of the Board
P. Dasgupta
CEO & Managing Director
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Our Company
