 |
Results
26-Jan-23
|
|
|
|
|
|
|
|
Analysis
|
|
|
|
Indraprastha Gas
|
|
Sales volume increase 19% in 9MFY23
|
|
|
|
|
|
Consolidated net sales of Indraprastha Gas
have increased 67.50% to Rs 3710.81 crore in Q3FY23 compared to Q3FY22. Operating profit margin has declined from
21.20% to 11.55%, leading to 8.76% decline in operating profit to Rs 428.47
crore. Purchase of finished goods cost
rose from 62.50% to 77.17%. Employee
cost decreased from 2.15% to 1.18%.
Other expenses fell from 14.17% to 10.10%.
Other income rose 83.54% to Rs 55.74
crore. PBIDT fell 3.15% to Rs 484.21
crore. Provision for interest fell 7.77%
to Rs 2.61 crore.
PBDT fell 3.13% to Rs 481.6 crore. Provision for depreciation rose 10.77% to Rs
92.49 crore.
Profit before tax down 5.93% to Rs 389.11
crore. Share of profit/loss was 15.76%
lower at Rs 55.8 crore. Provision for
tax was expense of Rs 110.85 crore, compared to Rs 105.13 crore. Effective tax rate was 24.92% compared to
21.91%.
Minority interest was nil in both the periods. Net profit attributable to owners of the
company decreased 10.86% to Rs 334.06 crore.
During Q3FY23, CNG sales volume has increased
by 8% to 558.76 million standard cubic metres (mscm) and PNG sales volumes
increased 1% to 188.3 mscm. On an overall basis there is 6% increase in sales
volume during this period to 747.06 mscm over corresponding period of FY22.
Promoters’ stake was 45.00% as of 31 December
2022 ,compared to 45.00% as of 31 December 2021 .
For
year-to-date (YTD) results analysis
Net sales of Indraprastha Gas have increased
97.18% to Rs 10458.67 crore.
Operating profit margin has declined from
26.03% to 15.04%, leading to 13.97% rise in operating profit to Rs 1,573.50
crore. Purchase of finished goods cost
rose from 54.22% to 73.09%. Employee cost
decreased from 2.59% to 1.35%. Other
expenses fell from 17.17% to 10.52%.
Other income rose 34.44% to Rs 137.47
crore. PBIDT rose 15.38% to Rs 1710.97
crore. Provision for interest fell 3.48%
to Rs 8.04 crore.
PBDT rose 15.49% to Rs 1702.93 crore. Provision for depreciation rose 11.50% to Rs
269.59 crore.
Profit before tax grew 16.27% to Rs 1,433.34
crore. Share of profit/loss was 21.17%
higher at Rs 185.87 crore. Provision for
tax was expense of Rs 377.07 crore, compared to Rs 314.83 crore. Effective tax rate was 23.29% compared to
22.71%.
Minority interest was nil in both the
periods. Net profit attributable to
owners of the company increased 15.94% to Rs 1,242.14 crore. During 9MFY23, CNG sales volume has increased
by 24% to 1658.81 million standard cubic metres (mscm) and PNG sales volumes
increased 7% to 550.26 mscm. On an overall basis there is 19% increase in sales
volume during this period to 2209.07 mscm over corresponding period of FY22.
Promoters’ stake was 45.00% as of 31 December
2022 ,compared to 45.00% as of 31 December 2021.
The scrip is currently trading at Rs 413 on
the BSE.
|
Indraprastha Gas : Consolidated
Results
|
|
Particulars
|
2212
(03)
|
2112
(03)
|
Var.(%)
|
2212
(09)
|
2112
(09)
|
Var.(%)
|
2203
(12)
|
2103
(12)
|
Var.(%)
|
|
Net
Sales
|
3,710.81
|
2,215.46
|
68
|
10,458.67
|
5,304.04
|
97
|
7,709.96
|
4,940.80
|
56
|
|
OPM
(%)
|
11.6
|
21.2
|
|
15.0
|
26.0
|
|
24.4
|
30.0
|
|
|
OP
|
428.47
|
469.61
|
-9
|
1,573.50
|
1,380.65
|
14
|
1,881.11
|
1,482.99
|
27
|
|
Other
Inc.
|
55.74
|
30.37
|
84
|
137.47
|
102.25
|
34
|
179.64
|
114.83
|
56
|
|
PBIDT
|
484.21
|
499.98
|
-3
|
1,710.97
|
1,482.90
|
15
|
2,060.75
|
1,597.82
|
29
|
|
Interest
|
2.61
|
2.83
|
-8
|
8.04
|
8.33
|
-3
|
13.21
|
11.34
|
16
|
|
PBDT
|
481.6
|
497.15
|
-3
|
1,702.93
|
1,474.57
|
15
|
2,047.54
|
1,586.48
|
29
|
|
Depreciation
|
92.49
|
83.5
|
11
|
269.59
|
241.79
|
12
|
317.06
|
290.39
|
9
|
|
PBT
|
389.11
|
413.65
|
-6
|
1433.34
|
1232.78
|
16
|
1730.48
|
1296.09
|
34
|
|
Share
of Profit/(Loss) from Associates
|
55.8
|
66.24
|
-16
|
185.87
|
153.39
|
21
|
222.72
|
125.81
|
77
|
|
PBT
before EO
|
444.91
|
479.89
|
-7
|
1619.21
|
1386.17
|
17
|
1953.2
|
1421.9
|
37
|
|
EO
Income
|
0
|
0
|
-
|
0
|
0
|
-
|
0
|
0
|
-
|
|
PBT
after EO
|
444.91
|
479.89
|
-7
|
1619.21
|
1386.17
|
17
|
1953.2
|
1421.9
|
37
|
|
Taxation
|
110.85
|
105.13
|
5
|
377.07
|
314.83
|
20
|
450.93
|
249.35
|
81
|
|
PAT
|
334.06
|
374.76
|
-11
|
1242.14
|
1071.34
|
16
|
1502.27
|
1172.55
|
28
|
|
Minority
Interest (MI)
|
0
|
0
|
-
|
0
|
0
|
-
|
0
|
0
|
-
|
|
Net
profit
|
334.06
|
374.76
|
-11
|
1242.14
|
1071.34
|
16
|
1502.27
|
1172.55
|
28
|
|
EPS
(Rs)*
|
#
|
#
|
|
#
|
#
|
|
21.5
|
16.8
|
|
|
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
|
|
|
|
|
Previous News |
Indices trim losses; Nifty climbs above 22,250; PSU banks advance
(
Market Commentary
-
Mid-Session
08-May-24
11:41
)
|
|
|
Indraprastha Gas
(
Results
-
Analysis
18-May-22
22:03
)
|
|
|
MGL, IGL tumble as domestic gas prices remain unchanged
(
Hot Pursuit
-
03-Apr-23
14:53
)
|
|
|
Indraprastha Gas to declare Quarterly Result
(
Corporate News
-
05-May-23
14:05
)
|
|
|
lndraprastha Gas announces cessation of director
(
Corporate News
-
11-Jun-24
17:21
)
|
|
|
Indraprastha Gas fixes record date for 2nd interim dividend
(
Market Beat
-
Reports
23-Mar-23
14:50
)
|
|
|
Indraprastha Gas signs MoU to establish Compressed Biogas (CBG) plants
(
Corporate News
-
07-Feb-24
17:08
)
|
|
|
Indraprastha Gas declines after Q3 PAT slips 8% YoY
(
Hot Pursuit
-
09-Feb-22
10:14
)
|
|
|
Volumes soar at TTK Prestige Ltd counter
(
Hot Pursuit
-
08-Mar-22
14:30
)
|
|
|
Indraprastha Gas schedules board meeting
(
Corporate News
-
03-Nov-21
11:07
)
|
|
|
Indraprastha Gas fixes record date for interim dividend
(
Market Beat
-
Reports
04-Mar-20
12:27
)
|
|
|
|
|
|
Other Stories |
|
|
|
|
|
|
|
|
|
|
|
|
|