GAIL Announces Quarterly Results (1QFY20); Net Profit Up 2.2%

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GAIL Announces Quarterly Results (1QFY20); Net Profit Up 2.2%
Tue, 13 Aug

GAIL has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

GAIL Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m172,986187,639183,115-2.4%5.9%
Other incomeRs m1,1968,6591,512-82.5%26.4%
TurnoverRs m174,182196,298184,626-5.9%6.0%
ExpensesRs m150,550170,798160,525-6.0%6.6%
Gross profitRs m22,43613,57822,59066.4%0.7%
DepreciationRs m3,7894,5744,057-11.3%7.1%
InterestRs m441263239-9.2%-45.8%
Profit before taxRs m19,40317,39919,80513.8%2.1%
TaxRs m6,8106,1776,93012.2%1.8%
Profit after taxRs m12,59311,22212,87514.7%2.2%
Gross profit margin%13.07.212.3
Effective tax rate%35.135.535.0
Net profit margin%7.25.77.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 5.9% on a year-on-year (YoY) basis. The expenses were up by 6.6% YoY during the same period.
  • The company's operating profit increased by 0.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 12.3% in 1QFY20 as against 13.0% in 1QFY19.
  • Depreciation charges increased by 7.1% and finance costs declined by 45.8% YoY, respectively.
  • Other income increased by 26.4% YoY during the quarter.
  • Net profit for the quarter increased by 2.2% YoY. Net profit margins during the quarter declined from 7.2% in 1QFY19 to 7.0% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 2.4% on a quarter-on-quarter (QoQ) basis. The expenses were down by 6.0% QoQ during the same period.
  • The company's operating profit increased by 66.4% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 12.3% in 1QFY20 as against 7.2% in 4QFY19.
  • Net profit for the quarter increased by 14.7% QoQ, while net profit margins increased from 5.7% in 4QFY19 to 7.0% in 1QFY20.

To see how GAIL has performed over the last eight quarters,please visit here.

GAIL Share Price Performance

Over the last one year,GAIL share price has moved down from Rs 187.8 to Rs 125.3, registering a Loss of Rs 62.6 or around 33.3%.

Meanwhile, the S&P BSE OIL & GAS Index is trading at Rs 13,229.3 (up 2.8%). Over the last one year it has moved down from 14,804.7 to 13,229.3, a gain of 1,575 points (down 10.6%).

Overall, the S&P BSE SENSEX is down 1.3% over the year.

Current Valuations

At the current price of Rs 125.3, the price to earnings (P/E) ratio of GAIL stands at 4.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.7 times.

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