INDRAPRASTHA GAS Announces Quarterly Results (3QFY19); Net Profit Up 19.3%

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INDRAPRASTHA GAS Announces Quarterly Results (3QFY19); Net Profit Up 19.3%
Wed, 13 Feb

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

INDRAPRASTHA GAS Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m13,08415,68716,6486.1%27.2%
Other incomeRs m32633240321.5%23.8%
TurnoverRs m13,41016,01917,0516.4%27.2%
ExpensesRs m10,45312,60713,4706.8%28.9%
Gross profitRs m2,6313,0803,1793.2%20.8%
DepreciationRs m4535035131.9%13.1%
InterestRs m46962.5%152.8%
Profit before taxRs m2,4992,9033,0605.4%22.4%
TaxRs m8401,0301,0804.8%28.5%
Profit after taxRs m1,6591,8731,9805.7%19.3%
Gross profit margin%20.119.619.1
Effective tax rate%33.635.535.3
Net profit margin%12.411.711.6
* 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 27.2% on a year-on-year (YoY) basis. The expenses were up by 28.9% YoY during the same period.
  • The company's operating profit increased by 20.8% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 19.1% in 3QFY19 as against 20.1% in 3QFY18.
  • Depreciation charges increased by 13.1% and finance costs increased by 152.8% YoY, respectively.
  • Other income increased by 23.8% YoY during the quarter.
  • Net profit for the quarter increased by 19.3% YoY. Net profit margins during the quarter declined from 12.4% in 3QFY18 to 11.6% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 6.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 6.8% QoQ during the same period.
  • The company's operating profit declined by 3.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 19.1% in 3QFY19 as against 19.6% in 2QFY18.
  • Net profit for the quarter increased by 5.7% QoQ, while net profit margins declined from 11.7% in 2QFY18 to 11.6% in 3QFY19.

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 302.3 to Rs 269.2, registering a Loss of Rs 33.1 or around 10.9%.

Meanwhile, the S&P BSE OIL & GAS Index is trading at Rs 13,375.4 (down 0.5%). Over the last one year it has moved down from 15,637.8 to 13,375.4, a gain of 2,262 points (down 14.5%).

Overall, the S&P BSE SENSEX is up 5.7% over the year.

Current Valuations

At the current price of Rs 269.2, the price to earnings (P/E) ratio of INDRAPRASTHA GAS stands at 25.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 5.2 times.

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