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 30 SEPTEMBER, 2008
(Pursuant to clause 41 of Listing Agreement)
Rs./Lacs
S. No.ParticularsThree months ended 30.09.2008 (Unaudited)Three months ended 30.09.2007 (Unaudited)Six months ended 30.09.2008 (Unaudited)Six months ended 30.09.2007 (Unaudited)Twelve months ended 31.03.2008 (Audited)
1 Gross Sales/Income from operations 24,309.92 20,003.90 45,861.11 38,594.01 80,979.80
2 Less: Excise Duty 2,791.29 2,594.28 5,269.02 5,009.14 10,381.97
3 Net sales / Income from operations 21,518.63 17,409.62 40,592.09 33,584.87 70,597.83
4 Other operating income 148.65 65.34 237.72 128.30 695.66
5 Total Income (3+4) 21,667.28 17,474.96 40,829.81 33,713.17 71,293.49
6 Expenditure
  a. (Increase) / Decrease in stock in trade (0.04) - (1.78) (0.58) (0.70)
b. Consumption of raw materials 9,590.73 7,456.01 18,033.17 14,387.49 30,294.42
c. Employee cost  537.32 347.42 1,073.36 704.72 1,525.60
d. Depreciation 1,685.61 1,582.33 3,320.70 3,138.70 6,257.67
e. Other expenditure  2,881.52 2,105.34 5,425.67 4,122.05 8,775.10
f. Total  14,695.14 11,491.10 27,851.12 22,352.38 46,852.09
7 Profit from operations before other income (5-6) 6,972.14 5,983.86 12,978.69 11,360.79 24,441.40
8 Other income 538.82 409.43 1,075.50 746.28 1,648.15
9 Profit before tax (7+8) 7,510.96 6,393.29 14,054.19 12,107.07 26,089.55
10 Tax expense 2,493.37 2,108.37 4,668.41 3,980.10 8,643.99
11 Net profit after tax (9-10) 5,017.59 4,284.92 9,385.78 8,126.97 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) 3.58 3.06 6.70 5.80 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 24 October, 2008.
  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. During the quarter, the Company has received a demand of Rs. 647.42 lakhs towards charges pertaining to excess drawl of natural gas. The Company is of the view that as this amount is not payable as per the contractual terms and accordingly no provision is condsidered necessary, pending resolution of this matter.
  4. Details of number of investor complaints for the three months period ended 30 September, 2008:Beginning Nil, Received 86, Disposed of 85 and Pending 1.
  5. The statutory auditors have carried out a limited review of the financial results for the three months period ended 30 September, 2008.
  6. Previous period figures have been regrouped / reclassified wherever necessary.
Place: New Delhi
24th October, 2008
For Indraprastha Gas Limited
sd/-
Rajesh Vedvyas
Managing Director