IGL Logo INDRAPRASTHA GAS LIMITED

IGL Bhawan, Plot No. 4 Community Centre, R.K.Puram, Sector -9, New Delhi - 110022
Website: www.iglonline.net
UNAUDITED FINANCIAL RESULTS FOR THREE MONTHS PERIOD ENDED 31ST DECEMBER, 2008
(Pursuant to clause 41 of Listing Agreement)
Rs./Lacs
S. No.ParticularsThree months ended 31/12/2008 (Unaudited)Three months ended 31/12/2007 (Unaudited)Nine months ended 31/12/2008 (Unaudited)Nine months ended 31/12/2007 (Unaudited)Twelve months ended 31/03/2008 (Audited)
1 Gross Sales/Income from operations 24,756.23 20,996.95 70,617.34 59,590.66 80,979.80
2 Less: Excise Duty 2,811.64 2,723.45 8,080.66 7,732.59 10,381.97
3 Net sales / Income from operations 21,944.59 18,273.20 62,536.68 51,858.07 70,597.83
4 Other operating income 92.90 161.22 330.62 289.52 695.66
5 Total Income (3+4) 22,037.49 18,434.42 62,867.30 52,147.59 71,293.49
6 Expenditure
  a. (Increase) / Decrease in stock in trade (0.28) (0.29) (2.06) (0.87) (0.70)
b. Consumption of raw materials 11,478.58 7,804.09 29,511.75 22,191.57 30,294.42
c. Employee cost 633.29 398.57 1706.65 1,103.29 1,525.60
d. Depreciation 1,662.71 1,607.91 4,983.41 4,746.61 6,257.67
e. Other expenditure  3,054.55 2,266.73 8,480.22 6,388.78 8,775.10
f. Total  16,828.85 12,077.01 44,679.97 34,429.38 46,852.09
7 Profit from operations before other income (5-6) 5,208.64 6,357.41 18,187.33 17,718.21 24,441.40
8 Other income 571.34 418.22 1,646.84 1,164.50 1,648.15
9 Profit before tax (7+8) 5,779.98 6,775.63 19,834.17 18,882.71 26,089.55
10 Tax expense 1,950.23 2,273.61 6,618.64 6,253.71 8,643.99
11 Net profit after tax (9-10) 3,829.75 4,502.02 13,215.53 12,629.00 17,445.56
12 Paid-up equity share capital (Face value Rs.10 each) 14,000.02 14,000.02 14,000.02 14,000.02 14,000.02
13 Reserves excluding revaluation reserves         43,645.97
14 Basic and diluted earnings per share (not annualised) 2.74 3.22 9.44 9.02 12.46
15 Public shareholding  
  a. Number of shares 77,000,080 77,000,080 77,000,080 77,000,080 77,000,080
b. Percentage of shareholding 55% 55% 55% 55% 55%
Notes:
  1. The above results were approved by the Board of Directors in their meeting held on 30 January, 2009.
  2. Since the Company operates in a single segment of Natural Gas Business, the disclosure requirements as per Accounting Standard 17 "Segment Reporting" are not applicable to the Company.
  3. The Company has received a demand of Rs. 1,750.86 lakhs from its supplier of natural gas pertaining to excess drawl of natural gas for the period 1 July to 31 December, 2008. The company is disputing the demand made by the supplier on account of method by which this demand is computed. Pending resolution of the dispute, the Company has on a conservative basis, provided for the same during the quarter.
  4. During the quarter, the Company has received a demand of Rs. 217.80 lacs towards service charges on purchase of natural gas. Since the amount is not payable as per the contractual terms, no provision has been made in the books of accounts for this amount.
  5. Details of number of investor complaints for the three months ended 31st December, 2008: Beginning 01, Received 90, Disposed off 91 and Pending nil.
  6. The statutory auditors have carried out a limited review of the financial results for the three months period ended 31 December, 2008.
  7. Previous period figures have been regrouped / reclassified wherever necessary.
Place: Mumbai
Date : 30 January, 2009
For Indraprastha Gas Limited
sd/-
Rajesh Vedvyas
Managing Director