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GAIL: Liquid hydrocarbons lead the show - Views on News from Equitymaster
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GAIL: Liquid hydrocarbons lead the show
Oct 18, 2007

Performance summary
  • Topline increases by 22% YoY during 2QFY08. LPG and liquid hydrocarbon business lead growth. LPG transmission the weak link.
  • EBITDA margin expand by 19.4% during 2QFY08, from an operating loss in 2QFY07. Lower raw material costs help matters.

  • Other income falls steeply by 78% YoY.

  • Bottomline registers a growth of 28% YoY during 2QFY08 owing to operating margin expansion and lower interest expenses.

  • Topline and bottomline grow 13% YoY and 21% YoY respectively in 1HFY08.

(Rs m) 2QFY07 2QFY08 Change 1HFY07 1HFY08 Change
Net sales 37,070 45,289 22.2% 77,854 87,746 12.7%
Expenditure 37,692 36,506 -3.1% 75,579 68,576 -9.3%
Operating profit (EBDITA) (622) 8,783   2,275 19,170 742.6%
EBDITA margin (%) -1.7% 19.4%   2.9% 21.8%  
Other income 8,187 1,806 -77.9% 15,507 2,719 -82.5%
Interest 291 201 -31.0% 579 405 -30.1%
Depreciation 1,436 1,492 3.9% 2,844 2,899 1.9%
Profit before tax 5,838 8,897 52.4% 14,359 18,585 29.4%
Tax 1,354 3,171 134.2% 3,954 6,008 51.9%
Profit after tax/(loss) 4,484 5,725 27.7% 10,405 12,578 20.9%
Net profit margin (%) 12.1% 12.6%   13.4% 14.3%  
No. of shares (m)         845.7  
Diluted earnings per share (Rs)*         30.8  
Price to earnings ratio (x)*         13.1  

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Feb 23, 2018 10:25 AM

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