Maintains high performance, achieves highest quarterly profit

Quarterly Net Profit up 98.5% to Rs. 260.33 crores and Turnover up by 75.5% to Rs. 5366.87 crores.

During the quarter ended Sep 30th, 2011, the company has operated at 106% of its capacity (nameplate capacity of the Dahej Terminal is 10 MMTPA). Total regasified volume rose to 135.08 TBTUs against 99.78 TBTUs in the corresponding quarter last year. With the increase in volume, turnover of the company has risen sharply to Rs. 5366.87 crores, an increase of over 75.5% over the corresponding quarter last year. Net Profit of the Company has increased to Rs. 260.33 crores, a substantial increase of over 98% from the corresponding quarter last year. The higher increase in net profit is on account of additional volumes with better margins alongside higher operational efficiency.

The construction work at Kochi Terminal is on schedule and is expected to be commissioned by 4th quarter of 2012.

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