Cost of raw material consumed as a percentage to net sales rose 200 bps to 88.2% from 86.2% in corresponding previous quarter. Employee benefit as a percentage to net sales expenses was fell 20 bps to 0.2% while other expenditure decreased 40 bps to 1.4%. The foreign exchange fluctuation on purchase of LNG is a pass–through cost to the customers and has been included in cost of materials consumed

Other income rose 40% to Rs 98.98 crore compared to Rs 70.67 crore in corresponding previous year quarter leading 27% rise in PBIDT to Rs 1033.39 crore. Interest cost fell 35% to Rs 29.97 crore while depreciation remained flat at Rs 102.24 crore. The resultant PBT increased 35% to Rs 901.18 crore. Effective tax rate increased 60 bps to 34.9% resulting 34% increase in PAT to Rs 586.97 crore.

The significant increase in profit over the previous and corresponding quarter is due to higher volumes processed owing to increase in the regasification capacity of the Dahej Terminal and better efficiency in operations.

During Q1FY19 the company's Dahej Terminal operated at 111% of its name plate capacity and processed LNG quantities of 214 TBTU, which is 3% higher than the LNG quantities processed in the Previous Quarter (Q4FY18) i.e. 207 TBTU and 16% higher than the corresponding quarter (Q1FY18) i.e. 184 TBTU. The overall quantities processed by the company in the current quarter was 220 TBTU as compared to 213 TBTU processed in the previous quarter, registering a growth of 3% and 192 TBTU in the corresponding quarter, registering a growth of 14%.

For year ended March 2018 sales increased24% to Rs 30598.62 crore as against Rs 24616.03 crore in previous year. The operating profit margins of the company rose 30 bps to 10.8% leading 28% increase in operating profits to 3312.35 crore.

Cost of raw material consumed as a percentage to net sales rose 20 bps to 87.2%. Employee benefit as a percentage to net sales too was flat at 0.3% while other expenditure decreased 50 bps at 1.7%. The foreign exchange fluctuation on purchase of LNG is a pass–through cost to the customers and has been included in cost of materials consumed

Other income decreased 8% to Rs 317.4 crore leading a 24% rise in PBDIT to Rs 3629.75 crore. Interest cost fell 22% to Rs 162.99 crore while depreciation increased 12% to Rs 411.65 crore. The resultant PBT increased 29% to Rs 3055.11 crore.

Effective tax rate increased 430 bps to 32% resulting 22% increase in PAT to Rs 2077.85 crore.

During FY 2017-18, the company's Dahej Terminal operated at 107% of its name plate capacity and processed highest ever LNG quantities of 816 TBTU, which is 14% above the LNG quantities processed in FY 2016-17, i.e. 714 TBTUs. The overall quantities processed by the company in FY 2017-18 was 848 TBTU as compared to 728 TBTU processed in 2016-17, registering a growth of 16%.

The scrip closed Rs 226 at BSE