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

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INDRAPRASTHA GAS Announces Quarterly Results (3QFY20); Net Profit Up 43.4%
Tue, 11 Feb

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

INDRAPRASTHA GAS Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m16,64818,72818,374-1.9%10.4%
Other incomeRs m40339050830.3%26.0%
TurnoverRs m17,05119,11818,882-1.2%10.7%
ExpensesRs m13,47014,80214,456-2.3%7.3%
Gross profitRs m3,1793,9263,918-0.2%23.3%
DepreciationRs m5136216413.2%25.1%
InterestRs m9182011.0%120.9%
Profit before taxRs m3,0603,6773,7642.4%23.0%
TaxRs m1,080-133926-14.3%
Profit after taxRs m1,9803,8102,839-25.5%43.4%
Gross profit margin%19.121.021.3
Effective tax rate%35.3-3.624.6
Net profit margin%11.619.915.0
* 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 10.4% on a year-on-year (YoY) basis. The expenses were up by 7.3% YoY during the same period.
  • The company's operating profit increased by 23.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 21.3% in 3QFY20 as against 19.1% in 3QFY19.
  • Depreciation charges increased by 25.1% and finance costs increased by 120.9% YoY, respectively.
  • Other income increased by 26.0% YoY during the quarter.
  • Net profit for the quarter increased by 43.4% YoY. Net profit margins during the quarter increased from 11.6% in 3QFY19 to 15.0% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 1.9% on a quarter-on-quarter (QoQ) basis. The expenses were down by 2.3% QoQ during the same period.
  • The company's operating profit declined by 0.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 21.3% in 3QFY20 as against 21.0% in 2QFY19.
  • Net profit for the quarter declined by 25.5% QoQ, while net profit margins declined from 19.9% in 2QFY19 to 15.0% in 3QFY20.

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 273.9 to Rs 511.6, registering a Gain of Rs 237.7 or around 86.8%.

Meanwhile, the S&P BSE OIL & GAS Index is trading at Rs 14,274.9 (up 0.7%). Over the last one year it has moved up from 13,457.3 to 14,274.9, a gain of 818 points (up 6.1%).

Overall, the S&P BSE SENSEX is up 13.6% over the year.

Current Valuations

At the current price of Rs 511.6, the price to earnings (P/E) ratio of INDRAPRASTHA GAS stands at 32.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 8.3 times.

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