INDRAPRASTHA GAS Announces Quarterly Results (1QFY19); Net Profit Up 9.1%

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INDRAPRASTHA GAS Announces Quarterly Results (1QFY19); Net Profit Up 9.1%
Mon, 13 Aug

INDRAPRASTHA GAS has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

INDRAPRASTHA GAS Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m11,61013,56714,2244.8%22.5%
Other incomeRs m179267262-1.8%46.8%
TurnoverRs m11,78913,83414,4864.7%22.9%
ExpensesRs m8,83710,65311,2735.8%27.6%
Gross profitRs m2,7732,9142,9511.3%6.4%
DepreciationRs m4394704730.5%7.7%
InterestRs m466-8.2%55.6%
Profit before taxRs m2,5092,7052,7351.1%9.0%
TaxRs m8979579761.9%8.8%
Profit after taxRs m1,6131,7471,7590.7%9.1%
Gross profit margin%23.921.520.7
Effective tax rate%35.735.435.7
Net profit margin%13.712.612.1
* 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 22.5% on a year-on-year (YoY) basis. The expenses were up by 27.6% YoY during the same period.
  • The company's operating profit increased by 6.4% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 20.7% in 1QFY19 as against 23.9% in 1QFY18.
  • Depreciation charges and finance costs increased by 7.7% YoY and 55.6% YoY, respectively.
  • Other income increased by 46.8% YoY during the quarter.
  • Net profit for the quarter increased by 9.1% YoY. Net profit margins during the quarter declined from 13.7% in 1QFY18 to 12.1% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 4.8% on a quarter-on-quarter (QoQ) basis. The expenses were up by 5.8% QoQ during the same period.
  • The company's operating profit declined by 1.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 20.7% in 1QFY19 as against 21.5% in 4QFY18.
  • Net profit for the quarter increased by 0.7% QoQ, while net profit margins declined from 12.6% in 4QFY18 to 12.1% in 1QFY19.

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

INDRAPRASTHA GAS Share Price Performance

Over the last one year, INDRAPRASTHA GAS share price has moved up from Rs 243.2 to Rs 290.5, registering a Gain of Rs 47.3 or around 19.4%.

Meanwhile, the S&P BSE OIL & GAS Index is trading at Rs 14,881.8 (down 1.4%). Over the last one year it has moved up from 14,372.0 to 14,881.8, a gain of 510 points (up 3.5%).

Overall, the S&P BSE SENSEX is up 19.4% over the year.

Current Valuations

At the current price of Rs 290.5, the price to earnings (P/E) ratio of INDRAPRASTHA GAS stands at 29.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 6.8 times.

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Feb 18, 2020 09:31 AM

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