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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, 2007 |
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Quarter
ended 31.03.2007
|
Quarter
ended 31.03.2006
|
Year
ended 31.03.2007 |
Previous
year ended 31.03.2006
|
| 1 |
Quantitative Details (TBTUs)
-
- Sales Qty .
- Regasified Qty.
Total
|
73.39
----
73.39
|
60.06
----
60.06
|
287.08
3.20
290.28
|
246.81
----
246.81
|
| 2 |
Net Sales / Income from Operations
- Sales
- Services
Total
|
153,882.76
----
153,882.76
|
94,174.81
----
94,174.81
|
550,060.46
834.97
550,895.43
|
383,717.34
----
383,717.34
|
| 3 |
Other Income
|
1,484.36
|
671.14 |
3,659.23 |
1,944.31 |
| 4 |
Total Revenue |
155,367.12
|
94,845.95 |
554,554.66 |
385,661.65 |
| 5 |
Total Expenditure
a) Consumption of Raw materials
b) Staff Cost
c) Other expenditure
|
131,980.39
293.55
1,695.94
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77,083.78
264.35
2,299.54
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474,647.01
1,205.12
10,237.63
|
325,348.44
1,100.42
8,452.46 |
| 6 |
Finance Charges
|
2,589.04
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2,647.25 |
10,703.96 |
11,161.07 |
| 7 |
Profit before Depreciation & Tax
|
18,808.20 |
12,551.03 |
57,760.94 |
39,599.26 |
| 8 |
Depreciation
|
2,517.95 |
2,512.62 |
10,203.07 |
10,095.60 |
| 9 |
Profit before
tax |
16,290.25 |
10,038.41
|
47,557.87 |
29,503.66 |
| 10 |
Provision for
Taxation
a) Current Taxation (MAT)
b) Deferred Tax Liability/(Assets)
c) Fringe Benefit Tax
d) MAT Credit Available for Set Off
|
1,820.00
5,670.00
17.00
(1,820.00)
|
850.00
2,550.00
23.50
--- -
|
5,330.00
16,170.00
62.50
(5,330.00)
|
2,500.00
7,450.00
61.00
--- -
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| 11 |
Net profit
|
10,603.25 |
6,614.91 |
31,325.37 |
19,492.66 |
| 12 |
Add:
Profit/(Loss) brought forward from last year |
|
|
16,648.10 |
(2,844.56)
|
| 13 |
Amount available
for appropriation
|
|
|
47,973.47 |
16,648.10
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| 14 |
Appropriations -
a) Transfer to General Reserve
b) Proposed Dividend @ 12.5%
c) Income Tax on Proposed Dividend
|
|
|
783.13
9,375.00
1,593.28
|
----
----
---- |
| 15 |
Balance carried forward
to next year
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|
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36,222.06
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16,648.10 |
| 16 |
Paid-up equity share capital
(Face Value of Rs 10 each)
|
75,000.00
|
75,000.00 |
75,000.00 |
75,000.00 |
| 17 |
Reserves excluding revaluation
reserves
|
52,551.69 |
32,194.60 |
52,551.69 |
32,194.60 |
| 18 |
Basic and Diluted EPS*
*Not annualised
|
1.41* |
0.88*
|
4.18 |
2.60 |
| 19 |
Aggregate of Non-Promoter
Shareholding
a) Number of shares
b) Percentage of Shareholding
|
375,000,044
50%
|
375,000,044
50% |
375,000,044
50% |
375,000,044
50% |
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Notes
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| 1. |
The above results have
been reviewed by the Audit Committee and taken on record by the Board
of Directors in their meeting held on 16.04.2007. |
| 2. |
During the year the
Company has processed 12 spot cargoes and has been able to increase
its production capacity by 30% over its installed capacity through
de-bottlenecking and efficient utilization of critical equipment.
This would enable the Company to process 1.5 MMTPA additional LNG
from 01.04.2007, committed entirely for sale to the 3 offtakers i.e.
Gail (India) Limited, Indian Oil Corporation Limited and Bharat Petroleum
Corporation Limited. |
| 3. |
No investor complaint
was pending to be resolved at the beginning of the quarter. 23 complaints
were received during the Quarter and were resolved. No complaint was
pending to be resolved at the end of the Quarter. |
| 4. |
The Company is presently
operating in one segment viz. Regasified - Liquefied Natural Gas (R-
LNG).
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Place: New Delhi
Date : 16th April 2007
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A Sengupta
Director - Finance & Commercial
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Our Company
