GAIL Announces Quarterly Results (4QFY20); Net Profit Up 168.9%

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GAIL Announces Quarterly Results (4QFY20); Net Profit Up 168.9%
Thu, 25 Jun

GAIL has announced its results for the quarter ended March 2020. Here is a detailed performance review of the same:

GAIL Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-19*
3
Dec-19*
3
Mar-20*
QoQ ChangeYoY Change
Net SalesRs m187,639177,688177,550-0.1%-5.4%
Other incomeRs m8,6593,1245,13264.3%-40.7%
TurnoverRs m196,298180,812182,6821.0%-6.9%
ExpensesRs m170,798156,965152,797-2.7%-10.5%
Gross profitRs m13,57820,72425,77024.3%89.8%
DepreciationRs m4,5744,8905,0162.6%9.7%
InterestRs m26324232936.3%25.1%
Profit before taxRs m17,39918,71625,55736.5%46.9%
TaxRs m6,1776,210-4,625-174.5%-174.9%
Profit after taxRs m11,22212,50730,182141.3%168.9%
Gross profit margin%7.211.714.5
Effective tax rate%35.533.2-18.1
Net profit margin%5.76.916.5
* 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 fell 5.4% on a year-on-year (YoY) basis. The expenses were down by 10.5% YoY during the same period.
  • The company's operating profit increased by 89.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 14.5% in 4QFY20 as against 7.2% in 4QFY19.
  • Depreciation charges increased by 9.7% and finance costs increased by 25.1% YoY, respectively.
  • Other income declined by 40.7% YoY during the quarter.
  • Net profit for the quarter increased by 168.9% YoY. Net profit margins during the quarter increased from 5.7% in 4QFY19 to 16.5% in 4QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 0.1% on a quarter-on-quarter (QoQ) basis. The expenses were down by 2.7% QoQ during the same period.
  • The company's operating profit increased by 24.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 14.5% in 4QFY20 as against 11.7% in 3QFY19.
  • Net profit for the quarter increased by 141.3% QoQ, while net profit margins increased from 6.9% in 3QFY19 to 16.5% in 4QFY20.

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

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GAIL Share Price Performance

Over the last one year,GAIL share price has moved down from Rs 154.8 to Rs 103.6, registering a Loss of Rs 51.2 or around 33.1%.

Meanwhile, the S&P BSE OIL & GAS Index is trading at Rs 12,743.1 (down 0.8%). Over the last one year it has moved down from 14,854.9 to 12,743.1, a loss of 2,112 points (down 14.2%).

Overall, the S&P BSE SENSEX is down 11.5% over the year.

Current Valuations

At the current price of Rs 103.6, the price to earnings (P/E) ratio of GAIL stands at 7.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.0 times.

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