Gujarat Gas Limited Announces Audited Standalone Earnings Results for the Fourth Quarter and Year Ended March 31, 2016 and Audited Consolidated Earnings Results for the Year Ended March 31, 2016
May 17, 2016 at 10:25 am EDT
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Gujarat Gas Limited announced audited standalone earnings results for the fourth quarter and year ended March 31, 2016, and audited consolidated earnings results for the year ended March 31, 2016. For the quarter, on standalone basis, the company reported net sales (net of excise duty) of INR 13,605.5 million compared to INR 14,709.5 million for the quarter ended December 30, 2015. Total income from operations (net) was INR 13,781.3 million against INR 14,845.8 million for the quarter ended December 30, 2015. Profit from operations before other income, finance costs and exceptional items was INR 1,577.1 million against INR 927.4 million for the quarter ended December 30, 2015. Profit from ordinary activities before tax was INR 796.2 million against INR 456.8 million for the quarter ended December 30, 2015. Net profit from ordinary activities after tax was INR 580.8 million against INR 201.3 million for the quarter ended December 30, 2015. Basic and diluted earnings per share before and after extraordinary items were INR 4.22 against INR 1.46 for the quarter ended December 30, 2015.
For the year, on standalone basis, the company reported net sales (net of excise duty) of INR 60,505.8 million compared to INR 89,355.4 million for the quarter ended December 30, 2015. Total income from operations (net) was INR 61,058.6 million against INR 90,062.6 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 4,792.2 million against INR 8,664.0 million a year ago. Profit from ordinary activities before tax was INR 2,522.5 million against INR 6,414.4 million a year ago. Net profit from ordinary activities after tax was INR 1,529.5 million against INR 4,435.8 million a year ago. Basic and diluted earnings per share before and after extraordinary items were INR 11.11 against INR 32.22 a year ago.
For the year, on consolidated basis, the company reported net sales (net of excise duty) of INR 60,505.8 million compared to INR 89,355.4 million for the quarter ended December 30, 2015. Total income from operations (net) was INR 61,058.6 million against INR 90,062.6 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 4,792.2 million against INR 8,664.0 million a year ago. Profit from ordinary activities before tax was INR 2,522.5 million against INR 6,414.4 million a year ago. Net profit from ordinary activities after tax was INR 1,529.5 million against INR 4,435.8 million a year ago. Basic and diluted earnings per share before and after extraordinary items were INR 11.32 against INR 32.43 a year ago.
Gujarat Gas Limited is an India-based company, which is engaged in the natural gas business in India. Its natural gas business involves distribution of gas from sources of supply to centers of demand and to the end customers. The Company is engaged in city gas distribution, including sale, purchase, supply, distribution, transport, trading in natural gas, compressed natural gas (CNG), liquefied natural gas (LNG), liquefied petroleum gas (LPG) and other gaseous form through pipelines, trucks/trains or such other suitable mode for transportation/distribution of natural gas, CNG, LNG, LPG and other gaseous form. The Company supplies piped natural gas for domestic usage to around 18.90 lakh households across its operating locations. It has 27 city gas distribution licenses spread across 43 districts in six states and one Union territory across the states of Gujarat, Maharashtra, Rajasthan, Haryana, Punjab and Madhya Pradesh and the Union Territory of Dadra & Nagar Haveli.
Gujarat Gas Limited Announces Audited Standalone Earnings Results for the Fourth Quarter and Year Ended March 31, 2016 and Audited Consolidated Earnings Results for the Year Ended March 31, 2016