|
Results
25-Jan-24
|
|
|
|
|
Analysis
|
|
Indraprastha Gas
|
Sales volume increase 4% in 9MFY24
|
|
|
Indraprastha Gas consolidated netsales
declined 4.17% to Rs 3556.19 crore during Q3FY24 compared to Q3FY23.Operating
profit margin has jumped from 11.55% to 15.81%, leading to 31.24% rise in
operating profit to Rs 562.33 crore.
Purchase of finished goods cost fell from 77.17% to 71.60%. Employee cost increased from 1.18% to
1.66%. Other expenses rose from 10.10%
to 10.93%.
Other income fell 2.10% to Rs 54.57
crore. PBIDT rose 27.40% to Rs 616.9
crore. Provision for interest fell
32.18% to Rs 1.77 crore.
PBDT rose 27.73% to Rs 615.13 crore. Provision for depreciation rose 10.18% to Rs
101.91 crore.
Profit before tax grew 31.90% to Rs 513.22
crore. Share of profit/loss was 53.67%
higher at Rs 85.75 crore. Provision for
tax was expense of Rs 123.52 crore, compared to Rs 110.85 crore.
Effective tax rate was 20.62% compared to
24.92%.
Minority interest was nil in both the
periods. Net profit attributable to
owners of the company increased 42.67% to Rs 476.62 crore.
Promoters’ stake was 45.00% as of 31 December
2023 ,compared to 45.00% as of 31 December 2022.
During Q3FY24, CNG sales volume has increased
by 4% to 582.19 million standard cubic metres (mscm) and PNG sales volumes
increased 5% to 198.07 mscm. On an overall basis there is 4% increase in sales
volume during this period to 780.26 mscm over corresponding period of FY23.
For
year-to-date (YTD) results analysis
Net sales (including other operating income)
of Indraprastha Gas has declined 0.35% to Rs 10421.69 crore.Operating profit
margin has jumped from 15.04% to 17.86%, leading to 18.31% rise in operating
profit to Rs 1,861.65 crore. Purchase of
finished goods cost fell from 73.09% to 69.67%. Employee cost increased from 1.35% to
1.55%. Other expenses rose from 10.52%
to 10.92%.
Other income rose 17.77% to Rs 161.9
crore. PBIDT rose 18.27% to Rs 2023.55
crore. Provision for interest fell
17.91% to Rs 6.6 crore.
PBDT rose 18.44% to Rs 2016.95 crore. Provision for depreciation rose 12.42% to Rs
303.07 crore.
Profit before tax grew 19.57% to Rs 1,713.88
crore. Share of profit/loss was 39.61%
higher at Rs 259.5 crore. Provision for
tax was expense of Rs 423.27 crore, compared to Rs 377.07 crore. Effective tax rate was 21.45% compared to
23.29%.
Minority interest was nil in both the
periods. Net profit attributable to
owners of the company increased 24.89% to Rs 1,551.28 crore.
Promoters’ stake was 45.00% as of 31 December
2023 ,compared to 45.00% as of 31 December 2022.
During 9MFY24, CNG sales volume has increased
by 4% to 1718.33 million standard cubic metres (mscm) and PNG sales volumes
increased 4% to 2290.25 mscm. On an overall basis there is 4% increase in sales
volume during this period to 2290.25 mscm over corresponding period of
FY23. The scrip is currently trading at Rs 405 on
the BSE.
Indraprastha Gas : Consolidated
Results
|
Particulars
|
2312
(03)
|
2212
(03)
|
Var.(%)
|
2312
(09)
|
2212
(09)
|
Var.(%)
|
2303
(12)
|
2203
(12)
|
Var.(%)
|
Net
Sales (including other operating income)
|
3,556.19
|
3,710.81
|
-4
|
10,421.69
|
10,458.67
|
0
|
14,145.85
|
7,709.96
|
83
|
OPM
(%)
|
15.8
|
11.6
|
|
17.9
|
15.0
|
|
14.4
|
24.4
|
|
OP
|
562.33
|
428.47
|
31
|
1,861.65
|
1,573.50
|
18
|
2,039.78
|
1,881.11
|
8
|
Other
Inc.
|
54.57
|
55.74
|
-2
|
161.9
|
137.47
|
18
|
202.91
|
179.64
|
13
|
PBIDT
|
616.9
|
484.21
|
27
|
2,023.55
|
1,710.97
|
18
|
2,242.69
|
2,060.75
|
9
|
Interest
|
1.77
|
2.61
|
-32
|
6.6
|
8.04
|
-18
|
10.59
|
13.21
|
-20
|
PBDT
|
615.13
|
481.6
|
28
|
2,016.95
|
1,702.93
|
18
|
2,232.10
|
2,047.54
|
9
|
Depreciation
|
101.91
|
92.49
|
10
|
303.07
|
269.59
|
12
|
363.36
|
317.06
|
15
|
PBT
|
513.22
|
389.11
|
32
|
1713.88
|
1433.34
|
20
|
1868.74
|
1730.48
|
8
|
Share
of Profit/(Loss) from Associates
|
85.75
|
55.8
|
54
|
259.5
|
185.87
|
40
|
253.63
|
222.72
|
14
|
PBT
before EO
|
598.97
|
444.91
|
35
|
1973.38
|
1619.21
|
22
|
2122.37
|
1953.2
|
9
|
EO
Income
|
0
|
0
|
-
|
0
|
0
|
-
|
0
|
0
|
-
|
PBT
after EO
|
598.97
|
444.91
|
35
|
1973.38
|
1619.21
|
22
|
2122.37
|
1953.2
|
9
|
Taxation
|
123.52
|
110.85
|
11
|
423.27
|
377.07
|
12
|
482.72
|
450.93
|
7
|
PAT
|
475.45
|
334.06
|
42
|
1550.11
|
1242.14
|
25
|
1639.65
|
1502.27
|
9
|
Minority
Interest (MI)
|
-1.17
|
0
|
-
|
-1.17
|
0
|
-
|
0
|
0
|
-
|
Net
profit
|
476.62
|
334.06
|
43
|
1551.28
|
1242.14
|
25
|
1639.65
|
1502.27
|
9
|
EPS
(Rs)*
|
#
|
#
|
|
#
|
#
|
|
23.4
|
21.5
|
|
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 |
Indraprastha Gas appoints Company Secretary
(
Corporate News
-
27-Sep-24
17:12
)
|
|
Volumes spurt at Nuvoco Vistas Corporation Ltd counter
(
Hot Pursuit
-
17-Sep-24
11:00
)
|
|
Indraprastha Gas AGM scheduled
(
Corporate News
-
10-Sep-24
10:36
)
|
|
Indraprastha Gas schedules AGM
(
Corporate News
-
10-Sep-24
10:28
)
|
|
Indraprastha Gas
(
Results
-
Analysis
25-Jul-24
09:39
)
|
|
Indraprastha Gas consolidated net profit declines 7.81% in the June 2024 quarter
(
Results
-
Announcements
25-Jul-24
07:32
)
|
|
Indraprastha Gas to discuss results
(
Corporate News
-
16-Jul-24
10:26
)
|
|
Indraprastha Gas announces cessation of director
(
Corporate News
-
21-Jun-24
13:02
)
|
|
lndraprastha Gas announces cessation of director
(
Corporate News
-
11-Jun-24
17:21
)
|
|
Indraprastha Gas appoints director
(
Corporate News
-
16-May-24
18:21
)
|
|
Indraprastha Gas
(
Results
-
Analysis
08-May-24
13:05
)
|
|
|
|
Other Stories |
|
|
|
|
|
|
|
|