Operating profit margin has jumped from 24.27% to 31.71%, leading to 30.53% rise in operating profit to Rs 491.76 crore. Purchase of finished goods cost fell from 53.20% to 46.06%. Employee cost decreased from 2.26% to 2.21%. Other expenses fell from 20.27% to 20.03%.

Other income fell 10.49% to Rs 27.98 crore. Provision for interest rose 35.96% to Rs 3.63 crore. Provision for depreciation rose 16.20% to Rs 76.12 crore.

Profit before tax grew 29.48% to Rs 439.99 crore. Share of profit/loss was 9.24% lower at Rs 44.1 crore. Provision for tax was expense of Rs 108.99 crore, compared to Rs 97.65 crore. Effective tax rate was 22.51% compared to 25.14%.

Net profit attributable to owners of the company increased 29.01% to Rs 375.10 crore.

During Q4FY21, CNG sales volume has increased by 7% to 438 million standard cubic metres (mscm) and PNG sales volumes increased 11% to 176 mscm. On an overall basis there is 8% increase in sales volume during this quarter to 614 mscm over corresponding quarter of FY20.

Full year results analysis

Net of Indraprastha Gas has declined 23.82% to Rs 4940.8 crore. CNG (Compressed natural gas) recorded sales of Rs. 3433 crore, registering a 28% de-growth and PNG (piped natural gas) recorded sales of Rs. 1478 crore registering a 13% de-growth over previous year.

Operating profit margin has jumped from 23.43% to 30.02%, leading to 2.41% decline in operating profit to Rs 1,482.99 crore. Purchase of finished goods cost fell from 56.73% to 45.13%. Employee cost increased from 2.34% to 2.72%. Other expenses rose from 17.50% to 22.14%.

Other income fell 19.80% to Rs 114.83 crore. Provision for interest rose 39.66% to Rs 11.34 crore. Loan funds rose to Rs 113.04 crore as of 31 March 2021 from Rs 96.19 crore as of 31 March 2020. Inventories declined from Rs 51.11 crore as of 31 March 2020 to Rs 45.55 crore as of 31 March 2021. Sundry debtors were higher at Rs 260.71 crore as of 31 March 2021 compared to Rs 170.39 crore as of 31 March 2020. Cash and bank balance declined from Rs 2,179.94 crore as of 31 March 2020 to Rs 1,132.29 crore as of 31 March 2021. Investments rose to Rs 2,288.40 crore as of 31 March 2021 from Rs 630.22 crore as of 31 March 2020 .

Provision for depreciation rose 15.12% to Rs 290.39 crore. Fixed assets increased to Rs 5,150.74 crore as of 31 March 2021 from Rs 4,315.42 crore as of 31 March 2020. Intangible assets declined from Rs 18.17 crore to Rs 17.07 crore.

Profit before tax shrink 7.58% to Rs 1,296.09 crore. Share of profit/loss was 18.33% lower at Rs 125.81 crore. Provision for tax was expense of Rs 249.35 crore, compared to Rs 307.51 crore. Effective tax rate was 17.54% compared to 19.76%.

Net profit attributable to owners of the company decreased 6.12% to Rs 1,172.55 crore.

During FY21, CNG sales volume has decreased by 22% to 1357 million standard cubic metres (mscm) and PNG sales volumes decreased 5% to 587 mscm. On an overall basis there is 18% decrease in sales volume to 1944 mscm over FY20.

Promoters' stake was 45.00% as of 31 March 2021 compared to 45.00% as of 31 March 2020 .

Cash flow from operating activities increased to Rs 1,545.97 crore for year ended March 2021 from Rs 1,360.75 crore for year ended March 2020. Cash flow used in acquiring fixed assets during the year ended March 2021 stood at Rs 882.92 crore, compared to Rs 963.22 crore during the year ended March 2020.

The scrip is currently trading at Rs 512 on the BSE.