INDRAPRASTHA GAS Announces Quarterly Results (2QFY20); Net Profit Up 103.4%

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INDRAPRASTHA GAS Announces Quarterly Results (2QFY20); Net Profit Up 103.4%
Thu, 14 Nov

INDRAPRASTHA GAS has announced its results for the quarter ended September 2019. Here is a detailed performance review of the same:

INDRAPRASTHA GAS Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m15,68717,44118,7287.4%19.4%
Other incomeRs m33235439010.1%17.5%
TurnoverRs m16,01917,79519,1187.4%19.3%
ExpensesRs m12,60713,85614,8026.8%17.4%
Gross profitRs m3,0803,5853,9269.5%27.5%
DepreciationRs m5036056212.8%23.5%
InterestRs m6161811.0%223.2%
Profit before taxRs m2,9033,3183,67710.8%26.6%
TaxRs m1,0301,134-133-111.8%-112.9%
Profit after taxRs m1,8732,1843,81074.5%103.4%
Gross profit margin%19.620.621.0
Effective tax rate%35.534.2-3.6
Net profit margin%11.712.319.9
* 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 19.4% on a year-on-year (YoY) basis. The expenses were up by 17.4% YoY during the same period.
  • The company's operating profit increased by 27.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 21.0% in 2QFY20 as against 19.6% in 2QFY19.
  • Depreciation charges increased by 23.5% and finance costs increased by 223.2% YoY, respectively.
  • Other income increased by 17.5% YoY during the quarter.
  • Net profit for the quarter increased by 103.4% YoY. Net profit margins during the quarter increased from 11.7% in 2QFY19 to 19.9% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 7.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 6.8% QoQ during the same period.
  • The company's operating profit increased by 9.5% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 21.0% in 2QFY20 as against 20.6% in 1QFY19.
  • Net profit for the quarter increased by 74.5% QoQ, while net profit margins increased from 12.3% in 1QFY19 to 19.9% in 2QFY20.

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

BREAKING: Full Details of the #1 Investment of the Decade...

INDRAPRASTHA GAS Share Price Performance

Over the last one year,INDRAPRASTHA GAS share price has moved up from Rs 270.4 to Rs 424.5, registering a Gain of Rs 154.2 or around 57.0%.

Meanwhile, the S&P BSE OIL & GAS Index is trading at Rs 15,080.0 (down 0.2%). Over the last one year it has moved up from 13,719.0 to 15,080.0, a gain of 1,361 points (up 9.9%).

Overall, the S&P BSE SENSEX is up 14.3% over the year.

Current Valuations

At the current price of Rs 424.5, the price to earnings (P/E) ratio of INDRAPRASTHA GAS stands at 29.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 6.9 times.

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