INDRAPRASTHA GAS Announces Quarterly Results (4QFY19); Net Profit Up 29.1%

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INDRAPRASTHA GAS Announces Quarterly Results (4QFY19); Net Profit Up 29.1%
Mon, 27 May

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

INDRAPRASTHA GAS Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m13,56716,64817,0112.2%25.4%
Other incomeRs m26740351327.3%92.0%
TurnoverRs m13,83417,05117,5242.8%26.7%
ExpensesRs m10,65313,47013,6991.7%28.6%
Gross profitRs m2,9143,1793,3124.2%13.7%
DepreciationRs m4705135221.9%11.1%
InterestRs m690-97.8%-96.7%
Profit before taxRs m2,7053,0603,3037.9%22.1%
TaxRs m9571,0801,048-3.0%9.4%
Profit after taxRs m1,7471,9802,25513.9%29.1%
Gross profit margin%21.519.119.5
Effective tax rate%35.435.331.7
Net profit margin%12.611.612.9
* 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 25.4% on a year-on-year (YoY) basis. The expenses were up by 28.6% YoY during the same period.
  • The company's operating profit increased by 13.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 19.5% in 4QFY19 as against 21.5% in 4QFY18.
  • Depreciation charges increased by 11.1% and finance costs declined by 96.7% YoY, respectively.
  • Other income increased by 92.0% YoY during the quarter.
  • Net profit for the quarter increased by 29.1% YoY. Net profit margins during the quarter increased from 12.6% in 4QFY18 to 12.9% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 2.2% on a quarter-on-quarter (QoQ) basis. The expenses were up by 1.7% QoQ during the same period.
  • The company's operating profit increased by 4.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 19.5% in 4QFY19 as against 19.1% in 3QFY18.
  • Net profit for the quarter increased by 13.9% QoQ, while net profit margins increased from 11.6% in 3QFY18 to 12.9% in 4QFY19.

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 257.5 to Rs 336.3, registering a Gain of Rs 78.8 or around 30.6%.

Meanwhile, the S&P BSE OIL & GAS Index is trading at Rs 15,435.6 (up 0.5%). Over the last one year it has moved up from 13,937.9 to 15,435.6, a gain of 1,498 points (up 10.7%).

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

Current Valuations

At the current price of Rs 336.3, the price to earnings (P/E) ratio of INDRAPRASTHA GAS stands at 29.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 6.5 times.

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