INDRAPRASTHA GAS LIMITED
Dr. Gopal Das Bhawan,14th & 15th Floor, 28 Barakhamba Road, New Delhi - 1100 01
Website: www.iglonline.net
UNAUDITED FINANCIAL RESULTS FOR THE THREE MONTHS PERIOD ENDED 31st DECEMBER 2004
(Pursuant to clause 41 of Listing Agreement)
(Rs. In Lacs)
S. No.
 Particulars
Three months ended 31/12/2004
Three months ended 31/12/2003
Nine months Ended 30/09/2004
Nine months Ended 31/12/2003
12 months ended 31/03/2004 (Audited)
1.
Net Sales / Income from operations
    11,803.56 11,215.89 33,897.50 31,416.55 42,620.55
2.
Other Income
 158.15 16.86 269.43 107.33 860.81
3.
Total Expenditure including:
 7,238.50 6,630.33 20,347.70 18,817.65 25,697.33
(a)
(Increase) / Decrease of stock in trade
    (0.19) (0.64) (0.63) (3.74) (4.41)
(b)
Consumption of raw material
  4,943.10 4,651.73
 14,113.20
13,118.86 17,767.23
(c)
Staff Cost
 246.54
 192.87 662.03 644.43
 893.54
(d)
Other expenditure
2,049.05
 1,786.37
   5,573.10 5,058.10
 7,040.97
4.
Profit before interest, depreciation and tax (1+2-3)
 4,723.21 4,602.42 13,819.23 12,706.23
17,784.03
5.
Interest
 75.79
150.84 238.67
 479.79 720.41
6.
Depreciation
 1,217.33
1,108.13 3,534.87 3,077.56 4,203.72
7.
Profit before tax (4-5-6)
 3,430.09 3,343.45 10,045.69
9,148.88 12,859.90
8.
Provision for taxation - Current Tax
 1,135.38 865.62 3,485.38 2,348.72
 12,859.90
9.
Provision for taxation - Deferred Tax
 81.01 344.76 266.96 965.23 1,605.53
10.
Profit after tax (7-8-9)
 2,213.70
2,133.07 6,293.35 5,834.93 8,219.37
11.
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
12.
Reserves excluding revaluation reserves
 - - - - 11,176.41
13.
Basic & Diluted Earnings Per Share (Rs.)
  1.58 1.52
 4.50 4.17 5.87
14.
Aggregate of non-promoter share holding:
 - - - -  
(a)
Number of Shares
 77,000,088 77,000,088 77,000,088 77,000,088 77,000,088
(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 January 31 2005
2.
The Company operates in a single segment of Natural Gas Business. In view of the general clarification issued by the Institute of Chartered Accountants of India for companies operating in single segment, the disclosure requirements as per Accounting Standard 17 "Segment Reporting" are not applicable to the Company.
3(i)
"Other income includes liabilities no longer required written back pertaining to the period 1 October 2003 to 31 March 2004 aggregating to Rs. 97.06 lacs in respect of additional transportation charges."
3(ii).
Additionally the Company is discussing liability for transportation charges prior to 1st October 2003 and is hopeful to reach a conclusion shortly.
4.
Provsion for deferred tax includes excess provision (net) related to previous years amounting to Rs. 38 lacs has been reversed as a result of revised return filed by the Company.
5.
Provsion for deferred tax includes excess provision (net) related to previous years amounting to Rs. 38 lacs has been reversed as a result of revised return filed by the Company. Disposed off - 414 and Pending - 5 (since resolved)
6. The statutory auditors have carried out a limited review of the financial results for the three months ended 31 December 2004. Previous period limited review was performed by the erstwhile auditors.
7. Previous year figures have been regrouped/reclassified wherever necessary.
  Place: New Delhi
Date: 31 January 2005
For Indraprastha Gas Limited
-sd-
A.K. De
Managing Director
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