Product wise, CNG (Compressed natural gas) recorded sales of Rs. 375 crore, registering a 68% de-growth and PNG (piped natural gas) recorded sales of Rs. 258 crore also registering a 35% de-growth over previous year. Operating margins of the company fell 970 bps to 13.1%. As a result operating profit of the company fell 77% to Rs 83.44 crore.
Other income of the company fell to Rs 30.63 crore compared to Rs 35.4 crore in Q1FY20. Interest cost was Rs 2.37 crore compared to Rs 1.63 crore in the corresponding previous year period. Depreciation rose 13% to Rs 68.17 crore. PBT as a result fell 87% to Rs 43.53 crore. The effective tax rate fell 350 bps to 32.8% post, which the companys net profit was down 86% at Rs 29.26 crore. Further considering share of profit of associate net profit fell 86% to Rs 35.18 crore
During Q1FY21, CNG sales volume has decreased by 66% to 105 million kgs and PNG sales volumes decreased by 30% over Q1 of FY20 to 101 MMSCM. On an overall basis there is 57% decrease in sales volume during this quarter to 247 MMSCM over corresponding quarter of FY20.
Performance for year ended Mar20
For year ended Mar20, Net sales of the company excluding excise duty rose 12% to Rs 6485.27 crore compared to corresponding previous year quarter.
Operating margins of the company rose 160 bps to 23.4%. As a result operating profit of the company rose 21% to Rs 1519.64 crore.
Other income of the company rose 11% to Rs 143.18 crore compared to Rs 128.45 crore in FY19. Interest cost was Rs 8.12 crore compared to Rs 2.05 crore in the corresponding previous year period. Depreciation rose 25% to Rs 252.25 crore. PBT as a result rose 19% to Rs 1402.45 crore. The effective tax rate fell 1420 bps to 21.9% post, which the companys PAT was up 45% at Rs 1094.94 crore. Further considering share of profit of associate net profit rose 48% to Rs 1248.99 crore
The scrip is currently trading at Rs 408 on the BSE.
Indraprashtha Gas : Results
|Particulars||2006 (3)||1906 (3)||Var. (%)||2003 (12)||1903 (12)||Var. (%)|
|Income from Operations||638.57||1,576.12||-59||6485.27||5764.84||12|
|Share of profit of Associates||5.92||33.59||-82||154.05||86.96||77|
|EPS on current equity of Rs 140.00 crore. Face Value: Rs 2 each |
# EPS not annualized due to seasonality of business
LP: Loss to Profit PL: Profit to Loss;EO: Extraordinary items
Var. (%) exceeding 999 has been truncated to 999
EPS is calculated after excluding EO and relevant tax
Figures in Rs crore
Source: Capitaline Corporate Database
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