|
Indraprastha Gas consolidated net sales
increased 53.20% to Rs 2215.46 crore in Q3FY22 compared to Q3FY21. Operating
profit margin has declined from 34.62% to 21.20%, leading to 6.20% decline in
operating profit to Rs 469.61 crore.
Purchase of finished goods cost rose from 41.94% to 62.50%. Employee
cost decreased from 2.59% to 2.15%. Other expenses fell from 20.83% to
14.17%.
Other income rose 17.21% to Rs 30.37
crore. PBIDT fell 5.05% to Rs 499.98
crore. Provision for interest fell 7.21%
to Rs 2.83 crore. PBDT fell 5.04% to Rs 497.15 crore. Provision for
depreciation rose 11.35% to Rs 83.5 crore.
Profit before tax down 7.78% to Rs 413.65
crore. Share of profit/loss was 41.06%
higher at Rs 66.24 crore. Provision for
tax was expense of Rs 105.13 crore, compared to Rs 113.67 crore. Effective tax rate was 21.91% compared to
22.94%.
Net profit attributable to owners of the
company decreased 1.85% to Rs 374.76 crore.
Promoters’ stake was 45.00% as of 31 December
2021 compared to 45.00% as of 31 December 2020.
During Q3FY22, CNG sales volume has increased
by 26% to 518.13 million standard cubic metres (mscm) and PNG sales volumes
increased 14% to 186.15 mscm. On an overall basis there is 22% increase in
sales volume during this quarter to 704.28 mscm over corresponding quarter of
FY21.
For
year-to-date (YTD) results analysis
Net sales of Indraprastha Gas have increased
56.45% to Rs 5304.04 crore. Operating profit margin has declined from 29.24% to
26.03%, leading to 39.29% rise in operating profit to Rs 1,380.65 crore. Purchase of finished goods cost rose from
44.70% to 54.22%. Employee cost decreased from 2.95% to 2.59%. Other expenses
fell from 23.10% to 17.17%.
Other income rose 17.73% to Rs 102.25
crore. PBIDT rose 37.55% to Rs 1482.9
crore. Provision for interest rose 8.04%
to Rs 8.33 crore. PBDT rose 37.76% to Rs 1474.57 crore. Provision for depreciation rose 12.84% to Rs
241.79 crore.
Profit before tax grew 44% to Rs 1,232.78
crore. Share of profit/loss was 87.72%
higher at Rs 153.39 crore. Provision for
tax was expense of Rs 314.83 crore, compared to Rs 140.36 crore. Effective tax rate was 22.71% compared to
14.97%.
Net profit attributable to owners of the
company increased 34.35% to Rs 1,071.34 crore.
Promoters’ stake was 45.00% as of 31 December
2021 compared to 45.00% as of 31 December 2020.
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 391 on
the BSE.
|
Indraprastha Gas : Consolidated
Results
|
|
Particulars
|
2112
(03)
|
2012
(03)
|
Var.(%)
|
2112
(09)
|
2012
(09)
|
Var.(%)
|
2103
(12)
|
2003
(12)
|
Var.(%)
|
|
Net
Sales
|
2,215.46
|
1,446.16
|
53
|
5,304.04
|
3,390.17
|
56
|
4,940.80
|
6,485.27
|
-24
|
|
OPM
(%)
|
21.2
|
34.6
|
|
26.0
|
29.2
|
|
30.0
|
23.4
|
|
|
OP
|
469.61
|
500.67
|
-6
|
1,380.65
|
991.23
|
39
|
1,482.99
|
1,519.64
|
-2
|
|
Other
Inc.
|
30.37
|
25.91
|
17
|
102.25
|
86.85
|
18
|
114.83
|
143.18
|
-20
|
|
PBIDT
|
499.98
|
526.58
|
-5
|
1,482.90
|
1,078.08
|
38
|
1,597.82
|
1,662.82
|
-4
|
|
Interest
|
2.83
|
3.05
|
-7
|
8.33
|
7.71
|
8
|
11.34
|
8.12
|
40
|
|
PBDT
|
497.15
|
523.53
|
-5
|
1,474.57
|
1,070.37
|
38
|
1,586.48
|
1,654.70
|
-4
|
|
Depreciation
|
83.5
|
74.99
|
11
|
241.79
|
214.27
|
13
|
290.39
|
252.25
|
15
|
|
PBT
|
413.65
|
448.54
|
-8
|
1232.78
|
856.1
|
44
|
1296.09
|
1402.45
|
-8
|
|
Share
of Profit/(Loss) from Associates
|
66.24
|
46.96
|
41
|
153.39
|
81.71
|
88
|
125.81
|
154.05
|
-18
|
|
PBT
before EO
|
479.89
|
495.5
|
-3
|
1386.17
|
937.81
|
48
|
1421.9
|
1556.5
|
-9
|
|
EO
Income
|
0
|
0
|
-
|
0
|
0
|
-
|
0
|
0
|
-
|
|
PBT
after EO
|
479.89
|
495.5
|
-3
|
1386.17
|
937.81
|
48
|
1421.9
|
1556.5
|
-9
|
|
Taxation
|
105.13
|
113.67
|
-8
|
314.83
|
140.36
|
124
|
249.35
|
307.51
|
-19
|
|
PAT
|
374.76
|
381.83
|
-2
|
1071.34
|
797.45
|
34
|
1172.55
|
1248.99
|
-6
|
|
EPS
(Rs)*
|
#
|
#
|
|
#
|
#
|
|
16.8
|
17.8
|
|
|
Notes
|
|
*
EPS is on current equity of Rs 140.00 crore, Face value of Rs 2, Excluding
extraordinary items.
|
|
#
EPS is not annualised
|
|
bps
: Basis points
|
|
EO
: Extraordinary items
|
|
Figures
in Rs crore
|
|
Source:
Capitaline Corporate Database
|
|