GUJARAT GAS Announces Quarterly Results (1QFY22); Net Profit Up 711.5%

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GUJARAT GAS Announces Quarterly Results (1QFY22); Net Profit Up 711.5%
Mon, 9 Aug

GUJARAT GAS has announced its results for the quarter ended June 2021. Here is a detailed performance review of the same:

GUJARAT GAS Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-20*
3
Mar-21*
3
Jun-21*
QoQ ChangeYoY Change
Net SalesRs m11,07434,89330,659-12.1%176.9%
Other incomeRs m14918821313.0%42.6%
TurnoverRs m11,22335,08130,872-12.0%175.1%
ExpensesRs m9,21629,35123,431-20.2%154.2%
Gross profitRs m1,8575,5437,22930.4%289.2%
DepreciationRs m8238689054.3%10.1%
InterestRs m401180159-11.9%-60.4%
Profit before taxRs m7834,6826,37836.2%714.4%
TaxRs m1961,1831,61636.6%723.1%
Profit after taxRs m5873,5004,76236.1%711.5%
Gross profit margin%16.815.923.6
Effective tax rate%25.125.325.3
Net profit margin%5.210.015.4
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 176.9% on a year-on-year (YoY) basis. The expenses were up by 154.2% YoY during the same period.
  • The company's operating profit increased by 289.2% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 23.6% in 1QFY22 as against 16.8% in 1QFY21.
  • Depreciation charges increased by 10.1% and finance costs declined by 60.4% YoY, respectively.
  • Other income increased by 42.6% YoY during the quarter.
  • Net profit for the quarter increased by 711.5% YoY. Net profit margins during the quarter increased from 5.2% in 1QFY21 to 15.4% in 1QFY22.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 12.1% on a quarter-on-quarter (QoQ) basis. The expenses were down by 20.2% QoQ during the same period.
  • The company's operating profit increased by 30.4% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 23.6% in 1QFY22 as against 15.9% in 4QFY21.
  • Net profit for the quarter increased by 36.1% QoQ, while net profit margins increased from 10.0% in 4QFY21 to 15.4% in 1QFY22.

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

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GUJARAT GAS Share Price Performance

Over the last one year, GUJARAT GAS share price has moved up from Rs 302.8 to Rs 725.1, registering a Gain of Rs 422.4 or around 139.5%.

Overall, the S&P BSE SENSEX is up 44.4% over the year.

Current Valuations

At the current price of Rs 725.1, the price to earnings (P/E) ratio of GUJARAT GAS stands at 29.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 15.0 times.

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