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

Fri, 19 Jun

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

INDRAPRASTHA GAS Quarterly Financials

No. of Mths Qtr. Ending		3 Mar-19*	3 Dec-19*	3 Mar-20*	QoQ Change	YoY Change
Net Sales	Rs m	17,011	18,374	17,112	-6.9%	0.6%
Other income	Rs m	513	508	313	-38.4%	-39.1%
Turnover	Rs m	17,524	18,882	17,425	-7.7%	-0.6%
Expenses	Rs m	13,699	14,456	13,345	-7.7%	-2.6%
Gross profit	Rs m	3,312	3,918	3,767	-3.8%	13.8%
Depreciation	Rs m	522	641	655	2.2%	25.4%
Interest	Rs m	0	20	27	32.8%	13250.0%
Profit before tax	Rs m	3,303	3,764	3,398	-9.7%	2.9%
Tax	Rs m	1,048	926	865	-6.6%	-17.5%
Profit after tax	Rs m	2,255	2,839	2,534	-10.7%	12.4%
Gross profit margin	%	19.5	21.3	22.0
Effective tax rate	%	31.7	24.6	25.4
Net profit margin	%	12.9	15.0	14.5

Year-on-Year Performance:

• The company's operating income during the quarter grew 0.6% on a year-on-year (YoY) basis. The expenses were down by 2.6% YoY during the same period.
• The company's operating profit increased by 13.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 22.0% in 4QFY20 as against 19.5% in 4QFY19.
• Depreciation charges increased by 25.4% and finance costs increased by 13250.0% YoY, respectively.
• Other income declined by 39.1% YoY during the quarter.
• Net profit for the quarter increased by 12.4% YoY. Net profit margins during the quarter increased from 12.9% in 4QFY19 to 14.5% in 4QFY20.

Quarter-on-Quarter Performance:

• The company's operating income during the quarter fell 6.9% on a quarter-on-quarter (QoQ) basis. The expenses were down by 7.7% QoQ during the same period.
• The company's operating profit declined by 3.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 22.0% in 4QFY20 as against 21.3% in 3QFY19.
• Net profit for the quarter declined by 10.7% QoQ, while net profit margins declined from 15.0% in 3QFY19 to 14.5% in 4QFY20.

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

10 Charts, 1 Growth Story: Join us for an Exclusive Webinar LIVE on April 23rd @6pm

INDRAPRASTHA GAS Share Price Performance

Over the last one year,INDRAPRASTHA GAS share price has moved up from Rs 335.2 to Rs 446.5, registering a Gain of Rs 111.3 or around 33.2%.

Meanwhile, the S&P BSE OIL & GAS Index is trading at Rs 12,693.8 (up 1.0%). Over the last one year it has moved down from 14,765.8 to 12,693.8, a loss of 2,072 points (down 14.0%).

Overall, the S&P BSE SENSEX is down 12.2% over the year.

Current Valuations

At the current price of Rs 446.5, the price to earnings (P/E) ratio of INDRAPRASTHA GAS stands at 27.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 7.2 times.