INDRAPRASTHA GAS Announces Quarterly Results (1QFY21); Net Profit Down 85.4%

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INDRAPRASTHA GAS Announces Quarterly Results (1QFY21); Net Profit Down 85.4%
Fri, 28 Aug

INDRAPRASTHA GAS has announced its results for the quarter ended June 2020. Here is a detailed performance review of the same:

INDRAPRASTHA GAS Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-19*
3
Mar-20*
3
Jun-20*
QoQ ChangeYoY Change
Net SalesRs m17,44117,1126,925-59.5%-60.3%
Other incomeRs m354313306-2.0%-13.5%
TurnoverRs m17,79517,4257,232-58.5%-59.4%
ExpensesRs m13,85613,3456,091-54.4%-56.0%
Gross profitRs m3,5853,767834-77.9%-76.7%
DepreciationRs m6056556824.1%12.7%
InterestRs m162724-11.2%45.4%
Profit before taxRs m3,3183,398435-87.2%-86.9%
TaxRs m1,134865117-86.5%-89.7%
Profit after taxRs m2,1842,534318-87.4%-85.4%
Gross profit margin%20.622.012.0
Effective tax rate%34.225.426.9
Net profit margin%12.314.54.4
* 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 60.3% on a year-on-year (YoY) basis. The expenses were down by 56.0% YoY during the same period.
  • The company's operating profit declined by 76.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 12.0% in 1QFY21 as against 20.6% in 1QFY20.
  • Depreciation charges increased by 12.7% and finance costs increased by 45.4% YoY, respectively.
  • Other income declined by 13.5% YoY during the quarter.
  • Net profit for the quarter declined by 85.4% YoY. Net profit margins during the quarter declined from 12.3% in 1QFY20 to 4.4% in 1QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 59.5% on a quarter-on-quarter (QoQ) basis. The expenses were down by 54.4% QoQ during the same period.
  • The company's operating profit declined by 77.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 12.0% in 1QFY21 as against 22.0% in 4QFY20.
  • Net profit for the quarter declined by 87.4% QoQ, while net profit margins declined from 14.5% in 4QFY20 to 4.4% in 1QFY21.

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

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INDRAPRASTHA GAS Share Price Performance

Over the last one year,INDRAPRASTHA GAS share price has moved up from Rs 332.7 to Rs 407.9, registering a Gain of Rs 75.2 or around 22.6%.

Meanwhile, the S&P BSE OIL & GAS Index is trading at Rs 13,429.2 (up 1.0%). Over the last one year it has moved up from 13,147.9 to 13,429.2, a gain of 281 points (up 2.1%).

Overall, the S&P BSE SENSEX is up 4.5% over the year.

Current Valuations

At the current price of Rs 407.9, the price to earnings (P/E) ratio of INDRAPRASTHA GAS stands at 30.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 6.6 times.

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INDRAPRASTHA GAS Announces Quarterly Results (4QFY20); Net Profit Up 12.4% (Quarterly Result Update)

Jun 19, 2020 | Updated on Jun 19, 2020

For the quarter ended March 2020, INDRAPRASTHA GAS has posted a net profit of Rs 3 bn (up 12.4% YoY). Sales on the other hand came in at Rs 17 bn (up 0.6% YoY). Read on for a complete analysis of INDRAPRASTHA GAS's quarterly results.

INDRAPRASTHA GAS Announces Quarterly Results (3QFY20); Net Profit Up 43.4% (Quarterly Result Update)

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For the quarter ended December 2019, INDRAPRASTHA GAS has posted a net profit of Rs 3 bn (up 43.4% YoY). Sales on the other hand came in at Rs 18 bn (up 10.4% YoY). Read on for a complete analysis of INDRAPRASTHA GAS's quarterly results.

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