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IGL: Stepping on the gas - Views on News from Equitymaster

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IGL: Stepping on the gas

Jul 27, 2007

Performance summary
  • Topline increased by 19.1% on the back of 13% sales volume growth over the corresponding quarter on a YoY basis.

  • A slightly lower increase of 14% in expenditure resulted in an improved EBITDA margin of 42.5% for the quarter as against 39.9% in the corresponding quarter last year

  • Bottomline grew by 39% YoY on the back of higher other income, steady depreciation and absence of interest costs.

Financial snapshot
(Rs m) 1QFY07 1QFY08 Change
Net sales 1,358 1,618 19.1%
Expenditure 816 930 14.0%
Operating profit (EBDITA) 541 687 27.0%
EBDITA margin (%) 39.9% 42.5%  
Other income 22 40 85.3%
Interest (net) - -  
Depreciation 150 156 4.0%
Profit before tax 413 571 38.3%
Tax 137 187 36.9%
Profit after tax/(loss) 276 384 39.0%
Net profit margin (%) 20.4% 23.8%  
No. of shares (m) 140.0 140.0  
Diluted earnings per share (Rs)* 7.9 11.0  
Price to earnings ratio (x)**   10.7  

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