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INDRAPRASTHA
GAS LIMITED Dr. Gopal Das Bhawan,14th & 15th Floor, 28 Barakhamba Road, New Delhi - 1100 01 Website: www.iglonline.net |
| AUDITED
FINANCIAL RESULTS FOR THE YEAR ENDED 31st MARCH
2004 (Pursuant to clause 41 of Listing Agreement) |
|
| (Rs. In Lacs) |
S. No.
|
Particulars | 9 months ended 31/12/2003 (Unaudited)
|
3 months ended 31/03/2004
(Unaudited) |
12 months ended 31/03/2004
(Audited) |
12 months ended 31/03/2003
(Audited) |
| 1. | Net Sales / Income from operations |
31,416.55 | 11,204.00 | 42,620.55 | 30,690.61 |
| 2. | Other Income |
107.33 | 753.48 | 860.81 | 236.94 |
| 3. | Total Expenditure including: |
18,817.65 | 6,879.68 | 25,697.34 | 236.94 |
| (a) | (Increase) / Decrease of stock in
trade |
(3.74) | (0.67) | (4.41) | (4.28) |
| (b) | Consumption of raw material |
13,118.86 | 4,648.37 | 17,767.23 | 12,683.93 |
| (c) | Staff Cost |
644.43 | 249.11 | 893.54 | 647.38 |
| (d) | Other expenditure |
5,058.10 | 1,982.87 | 7,040.97 | 5,565.18 |
| 4. | Profit before interest, depreciation
and tax (1+2-3) |
12,706.23 | 5,077.80 | 17,784.02 | 12,035.34 |
| 5. | Interest |
479.79 | 240.62 | 720.41 | 808.49 |
| 6. | Depreciation |
3,077.56 | 1,126.16 | 4,203.72 | 2,622.88 |
| 7. | Profit before tax (4-5-6) |
9,148.88 | 3,711.02 | 2,859.89 | 8,603.97 |
| 8. | Provision for taxation - Current Tax |
2,348.72 | 686.28 | 3,035.00 | 1,725.00 |
| 9. | Provision for taxation - Deferred
Tax |
965.23 | 640.29 | 1,605.53 | 1,480.68 |
| 10. | Profit after tax (7-8-9) |
5,834.93 | 2,384.45 | 8,219.37 | 5,398.29 |
| 11. | Paid-up Equity Share Capital (Face
Value Rs 10 each) |
14,000.02 | 14,000.02 | 14,000.02 | 14,000.02 |
| 12. | Reserves excluding revaluation reserves |
- | - | - | 5,326.10 |
| 13. | Basic & Diluted Earnings Per Share
(Rs.) |
4.17 | 1.70 | 14,000.02 | 3.86 |
| 14. | Aggregate of non-promoter share holding: |
- | - | - | - |
| (a) | Number of Shares |
77,000,088 | 77,000,088 | 77,000,088 | 77,000,088 |
| (b) | Percentage of Shareholding |
55% | 55% | 55% | 55% |
| Notes | |||||
| 1. | The above results were approved by the Board of Directors in their meeting held on 28th April, 2004 | ||||
| 2. | Prices of
Natural Gas for the period April 1, 2000 to March 31, 2004, might be under review by the Ministry
of Petroleum and Natural Gas (MoPNG), Government of India, however the
management does not expect the price revision to be with retrospective
effect.The statutory auditors have drawn attention to this note in their
report for the nine months ended December 31, 2002, year ended March 31,
2003, Limited review report for the three months ended December 31, 2003.
|
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| 3. | 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. |
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| 4. | Details of
number of investor complaints for the three months ended March 31, 2004 Beginning - 90, Received - 2,262, Disposed off - 2,352 and Pending - Nil |
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| 5. | The
statutory auditors have carried out a limited review of the financial
results for the three months ended December 31, 2003 and audited results for the year ended March
31, 2004. |
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| 6. | This
being first year of declaration of financial results by the Company, pursuant
to listing of its equity shares on the Stock Exchange in the month of
December 2003, the comparative figures for the three months ended March
31, 2003 are not available and hence have not been disclosed. |
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| 7. | The Board has recommended payment of dividend at the rate of 15% for the approval of Members in the ensuing Annual General Meeting of the Company. | ||||
| PlaceNew Delhi Date April 28, 2004 |
For
Indraprastha Gas Limited |
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-sd- A.K. De Managing Director |
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| Close |  |
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