INDRAPRASTHA GAS Announces Quarterly Results (2QFY19); Net Profit Up 10.9%

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INDRAPRASTHA GAS Announces Quarterly Results (2QFY19); Net Profit Up 10.9%
Mon, 12 Nov

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

INDRAPRASTHA GAS Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m12,45514,22415,68710.3%26.0%
Other incomeRs m25026233226.4%32.8%
TurnoverRs m12,70414,48616,01910.6%26.1%
ExpensesRs m9,63911,27312,60711.8%30.8%
Gross profitRs m2,8162,9513,0804.4%9.4%
DepreciationRs m4504735036.4%11.7%
InterestRs m4660.0%55.6%
Profit before taxRs m2,6122,7352,9036.2%11.2%
TaxRs m9239761,0305.6%11.6%
Profit after taxRs m1,6891,7591,8736.5%10.9%
Gross profit margin%22.620.719.6
Effective tax rate%35.335.735.5
Net profit margin%13.312.111.7
* 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 26.0% on a year-on-year (YoY) basis. The expenses were up by 30.8% YoY during the same period.
  • The company's operating profit increased by 9.4% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 19.6% in 2QFY19 as against 22.6% in 2QFY18.
  • Depreciation charges increased by 11.7% and finance costs increased by 55.6% YoY, respectively.
  • Other income increased by 32.8% YoY during the quarter.
  • Net profit for the quarter increased by 10.9% YoY. Net profit margins during the quarter declined from 13.3% in 2QFY18 to 11.7% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 10.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 11.8% QoQ during the same period.
  • The company's operating profit declined by 4.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 19.6% in 2QFY19 as against 20.7% in 1QFY18.
  • Net profit for the quarter increased by 6.5% QoQ, while net profit margins declined from 12.1% in 1QFY18 to 11.7% in 2QFY19.

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 321.6 to Rs 273.9, registering a Loss of Rs 47.7 or around 14.8%.

Meanwhile, the S&P BSE OIL & GAS Index is trading at Rs 13,492.7 (down 0.7%). Over the last one year it has moved down from 15,978.5 to 13,492.7, a gain of 2,486 points (down 15.6%).

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

Current Valuations

At the current price of Rs 273.9, the price to earnings (P/E) ratio of INDRAPRASTHA GAS stands at 27.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 5.3 times.

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