|
Petronet LNG consolidated
net sales increased 73.40% to Rs 10813.08 crore in Q2FY22 compared to
Q2FY21. Operating profit margin has
declined from 21.86% to 11.99%, leading to 4.88% decline in operating profit to
Rs 1,296.71 crore. Raw material cost as
a % of total sales (net of stock adjustments) increased from 75.69% to
85.64%. Employee cost decreased from
0.54% to 0.52%. Other expenses fell
from 1.91% to 1.85%.
Other income fell 46.53% to
Rs 75.87 crore. PBIDT fell 8.80% to Rs
1372.58 crore. Provision for interest
fell 6.56% to Rs 79.44 crore. PBDT fell
8.94% to Rs 1293.14 crore. Provision for
depreciation fell 0.82% to Rs 193.58 crore.
Profit before tax down
10.23% to Rs 1,099.56 crore. Share of
profit/loss was 95.03% lower at Rs 0.49 crore.
Provision for tax was expense of Rs 282.44 crore, compared to Rs 315.27
crore. Effective tax rate was 25.68%
compared to 25.53%.
Net profit attributable to
owners of the company decreased 11.08% to Rs 817.61 crore.
Equity capital stood at Rs
1,500.00 crore as of 30 September 2021 to Rs 1,500.00 crore as of 30 September
2020. Per share face Value remained same
at Rs 10.00.
Promoters’ stake was 50.00%
as of 30 September 2021 compared to 50.00% as of 30 September 2020.
For year-to-date (YTD) results analysis
Net sales of Petronet LNG
have increased 74.57% to Rs 19410.98 crore.
Operating profit margin has declined from 20.44% to 12.10%, leading to
3.30% rise in operating profit to Rs 2,348.24 crore. Raw material cost as a % of total sales (net
of stock adjustments) increased from 76.95% to 85.52%. Employee cost decreased from 0.63% to
0.51%. Other expenses fell from 1.98%
to 1.88%.
Other income fell 31.30% to
Rs 144.44 crore. PBIDT rose 0.37% to Rs
2492.68 crore. Provision for interest
fell 7.91% to Rs 159.47 crore. PBDT rose
0.99% to Rs 2333.21 crore. Provision for
depreciation fell 0.92% to Rs 385.19 crore.
Profit before tax grew
1.38% to Rs 1,948.02 crore. Provision
for tax was expense of Rs 497.26 crore, compared to Rs 491.64 crore. Effective tax rate was 25.05% compared to
25.73%.
Net profit attributable to
owners of the company increased 4.82% to Rs 1,487.67 crore.
Full year results analysis
Net sales of Petronet LNG
have declined 26.60% to Rs 26022.9 crore.
Operating profit margin has jumped from 11.25% to 18.06%, leading to
17.80% rise in operating profit to Rs 4,699.54 crore. Raw material cost as a % of total sales (net
of stock adjustments) decreased from 86.02% to 79.47%. Employee cost increased from 0.35% to
0.57%. Other expenses fell from 2.37%
to 1.90%.
Other income fell 1.23% to
Rs 359.08 crore. PBIDT rose 16.21% to Rs
5058.62 crore. Provision for interest
fell 16.68% to Rs 335.95 crore. Loan
funds declined from Rs 3,403.41 crore as of 31 March 2020 to Rs 3,344.65 crore
as of 31 March 2021. Inventories
declined from Rs 480.89 crore as of 31 March 2020 to Rs 337.18 crore as of 31
March 2021. Sundry debtors were higher
at Rs 1,874.53 crore as of 31 March 2021 compared to Rs 1,602.57 crore as of 31
March 2020. Cash and bank balance
declined from Rs 4,432.01 crore as of 31 March 2020 to Rs 4,342.34 crore as of
31 March 2021. Investments rose to Rs
1,706.97 crore as of 31 March 2021 from Rs 517.00 crore as of 31 March 2020
.
PBDT rose 19.57% to Rs
4722.67 crore. Provision for
depreciation rose 1.03% to Rs 784.09 crore.
Fixed assets declined from Rs 11,192.67 crore as of 31 March 2020 to Rs
10,338.40 crore as of 31 March 2021.
Intangible assets increased from Rs 0.20 crore to Rs 0.22 crore.
Profit before tax grew
24.10% to Rs 3,938.58 crore. Share of
profit/loss was 28.34% higher at Rs 18.93 crore. Provision for tax was expense of Rs 1018.28
crore, compared to Rs 413.05 crore.
Effective tax rate was 25.73% compared to 13.25%.
Minority interest was nil
in both the periods. Net profit
attributable to owners of the company increased 8.73% to Rs 2,939.23
crore.
Equity capital stood at Rs
1,500.00 crore as of 31 March 2021 to Rs 1,500.00 crore as of 31 March
2020. Per share face Value remained same
at Rs 10.00.
Promoters’ stake was 50.00%
as of 31 March 2021 compared to 50.00% as of 31 March 2020 .
Cash flow from operating
activities increased to Rs 3,559.23 crore for year ended March 2021 from Rs
2,863.11 crore for year ended March 2020.
Cash flow used in acquiring fixed assets during the year ended March
2021 stood at Rs 73.04 crore, compared to Rs 40.79 crore during the year ended
March 2020. The Board of Directors of the Company has approved a special interim dividend of Rs 7.00 per share
The scrip is trading at Rs 234
at BSE
|
Petronet
LNG : Consolidated Results
|
|
Particulars
|
2109
(03)
|
2009
(03)
|
Var.(%)
|
2109
(06)
|
2009
(06)
|
Var.(%)
|
2103
(12)
|
2003
(12)
|
Var.(%)
|
|
Net
Sales
|
10,813.08
|
6,235.78
|
73
|
19,410.98
|
11,119.35
|
75
|
26,022.90
|
35,452.00
|
-27
|
|
OPM
(%)
|
12.0
|
21.9
|
|
12.1
|
20.4
|
|
18.1
|
11
|
|
|
OP
|
1,296.71
|
1363.22
|
-5
|
2,348.24
|
2273.16
|
3
|
4,699.54
|
3,989.47
|
18
|
|
Other
Inc.
|
75.87
|
141.88
|
-47
|
144.44
|
210.26
|
-31
|
359.08
|
363.57
|
-1
|
|
PBIDT
|
1,372.58
|
1,505.10
|
-9
|
2,492.68
|
2,483.42
|
0
|
5,058.62
|
4,353.04
|
16
|
|
Interest
|
79.44
|
85.02
|
-7
|
159.47
|
173.16
|
-8
|
335.95
|
403.2
|
-17
|
|
PBDT
|
1,293.14
|
1,420.08
|
-9
|
2,333.21
|
2,310.26
|
1
|
4,722.67
|
3,949.84
|
20
|
|
Depreciation
|
193.58
|
195.19
|
-1
|
385.19
|
388.77
|
-1
|
784.09
|
776.13
|
1
|
|
PBT
|
1,099.56
|
1,224.89
|
-10
|
1,948.02
|
1,921.49
|
1
|
3938.58
|
3173.71
|
24
|
|
Share
of Profit/(Loss) from Associates
|
0.49
|
9.85
|
-95
|
36.91
|
-10.59
|
LP
|
18.93
|
14.75
|
28
|
|
PBT
before EO
|
1,100.05
|
1,234.74
|
-11
|
1,984.93
|
1,910.90
|
4
|
3957.51
|
3188.46
|
24
|
|
EO
Income
|
0
|
0
|
|
0
|
0
|
|
0
|
-72.06
|
-
|
|
PBT
after EO
|
1,100.05
|
1,234.74
|
-11
|
1,984.93
|
1,910.90
|
4
|
3957.51
|
3116.4
|
27
|
|
Taxation
|
282.44
|
315.27
|
-10
|
497.26
|
491.64
|
1
|
1018.28
|
413.05
|
147
|
|
PAT
|
817.61
|
919.47
|
-11
|
1487.67
|
1419.26
|
5
|
2939.23
|
2703.35
|
9
|
|
EPS
(Rs)*
|
#
|
#
|
|
#
|
#
|
|
19.6
|
18.4
|
|
|
Notes
|
|
*
EPS is on current equity of Rs 1,500.00 crore, Face value of Rs 10, Excluding
extraordinary items.
|
|
#
EPS is not annualised
|
|
bps
: Basis points
|
|
EO
: Extraordinary items
|
|
Figures
in Rs crore
|
|
Source:
Capitaline Corporate Database
|
|