|
Consolidated net sales (including other
operating income) of Indraprastha Gas has declined 2.69% to Rs 3458.51
crore. Operating profit margin has
jumped from 14.84% to 18.99%, leading to 24.53% rise in operating profit to Rs
656.94 crore. Purchase of finished goods
cost fell from 73.42% to 68.83%.
Employee cost increased from 1.40% to 1.49%. Other expenses rose from 10.34% to
10.69%. Other income rose 20.95% to Rs 61.67
crore. PBIDT rose 24.22% to Rs 718.61
crore. Provision for interest fell
20.13% to Rs 2.46 crore. PBDT rose 24.45% to Rs 716.15 crore. Provision for depreciation rose 11.81% to Rs
102.23 crore. Profit before tax grew 26.84% to Rs 613.92
crore. Share of profit/loss was 29.37%
higher at Rs 90.16 crore. Provision for
tax was expense of Rs 151.41 crore, compared to Rs 126.85 crore. Effective tax rate was 21.50% compared to
22.91%.Minority interest was nil in both the
periods. Net profit attributable to
owners of the company increased 29.48% to Rs 552.67 crore. Equity capital stood at Rs 140.00 crore as of
30 September 2023 to Rs 140.00 crore as of 30 September 2022. Per share face Value remained same at Rs
2.00. Promoters’ stake was 45.00% as of 30
September 2023 ,compared to 45.00% as of 30 September 2022. For
year-to-date (YTD) results analysis Net sales (including other operating income)
of Indraprastha Gas has increased 1.74% to Rs 6865.5 crore. Operating profit margin has jumped from
16.97% to 18.93%, leading to 13.47% rise in operating profit to Rs 1,299.32
crore. Purchase of finished goods cost
fell from 70.85% to 68.66%. Employee
cost increased from 1.45% to 1.49%.
Other expenses rose from 10.74% to 10.92%. Other income rose 31.32% to Rs 107.33
crore. PBIDT rose 14.66% to Rs 1406.65
crore. Provision for interest fell
11.05% to Rs 4.83 crore. Loan funds
declined from Rs 98.62 crore as of 30 September 2022 to Rs 84.36 crore as of 30
September 2023. Inventories rose to Rs
48.84 crore as of 30 September 2023 from Rs 48.05 crore as of 30 September
2022. Sundry debtors were higher at Rs
965.77 crore as of 30 September 2023 compared to Rs 775.90 crore as of 30
September 2022. Cash and bank balance
declined from Rs 2,282.21 crore as of 30 September 2022 to Rs 1,516.18 crore as
of 30 September 2023. Investments rose
to Rs 2,473.58 crore as of 30 September 2023 from Rs 2,297.92 crore as of 30 September
2022 . PBDT rose 14.78% to Rs 1401.82 crore. Provision for depreciation rose 13.59% to Rs 201.16
crore. Fixed assets increased to Rs
7,529.89 crore as of 30 September 2023 from Rs 6,750.15 crore as of 30
September 2022. Intangible assets
increased from Rs 9.51 crore to Rs 10.33 crore. Profit before tax grew 14.98% to Rs 1,200.66
crore. Share of profit/loss was 33.58%
higher at Rs 173.75 crore. Provision for
tax was expense of Rs 299.75 crore, compared to Rs 266.22 crore. Effective tax rate was 21.81% compared to
22.67%.
Minority interest was nil in both the
periods. Net profit attributable to
owners of the company increased 18.34% to Rs 1,074.66 crore.
Equity capital stood at Rs 140.00 crore as of
30 September 2023 to Rs 140.00 crore as of 30 September 2022. Per share face Value remained same at Rs
2.00.
Promoters’ stake was 45.00% as of 30
September 2023 ,compared to 45.00% as of 30 September 2022 .
Cash flow from operating activities decreased
to Rs 866.91 crore for YTD ended September 2023 from Rs 1,065.75 crore for YTD
ended September 2022. Cash flow used in
acquiring fixed assets during the YTD ended September 2023 stood at Rs 699.22
crore, compared to Rs 665.60 crore during the YTD ended September 2022.
During H1FY24, CNG sales volume has increased
by 3% to 1136.14 million standard cubic metres (mscm) and PNG sales volumes
increased 3% to 1509.99 mscm. On an overall basis there is 3% increase in sales
volume during this period to 1509.99 mscm over corresponding period of FY23.The scrip is currently trading at Rs 388 on
the BSE.
|
Indraprastha Gas : Consolidated
Results
|
|
Particulars
|
2309
(03)
|
2209
(03)
|
Var.(%)
|
2309
(06)
|
2209
(06)
|
Var.(%)
|
2303
(12)
|
2203
(12)
|
Var.(%)
|
|
Net
Sales
|
3,458.51
|
3,554.01
|
-3
|
6,865.50
|
6,747.86
|
2
|
14,145.85
|
7,709.96
|
83
|
|
OPM
(%)
|
19.0
|
14.8
|
|
18.9
|
17.0
|
|
14.4
|
24.4
|
|
|
OP
|
656.94
|
527.52
|
25
|
1,299.32
|
1,145.03
|
13
|
2,039.78
|
1,881.11
|
8
|
|
Other
Inc.
|
61.67
|
50.99
|
21
|
107.33
|
81.73
|
31
|
202.91
|
179.64
|
13
|
|
PBIDT
|
718.61
|
578.51
|
24
|
1,406.65
|
1,226.76
|
15
|
2,242.69
|
2,060.75
|
9
|
|
Interest
|
2.46
|
3.08
|
-20
|
4.83
|
5.43
|
-11
|
10.59
|
13.21
|
-20
|
|
PBDT
|
716.15
|
575.43
|
24
|
1,401.82
|
1,221.33
|
15
|
2,232.10
|
2,047.54
|
9
|
|
Depreciation
|
102.23
|
91.43
|
12
|
201.16
|
177.1
|
14
|
363.36
|
317.06
|
15
|
|
PBT
|
613.92
|
484
|
27
|
1200.66
|
1044.23
|
15
|
1868.74
|
1730.48
|
8
|
|
Share
of Profit/(Loss) from Associates
|
90.16
|
69.69
|
29
|
173.75
|
130.07
|
34
|
253.63
|
222.72
|
14
|
|
PBT
before EO
|
704.08
|
553.69
|
27
|
1374.41
|
1174.3
|
17
|
2122.37
|
1953.2
|
9
|
|
EO
Income
|
0
|
0
|
-
|
0
|
0
|
-
|
0
|
0
|
-
|
|
PBT
after EO
|
704.08
|
553.69
|
27
|
1374.41
|
1174.3
|
17
|
2122.37
|
1953.2
|
9
|
|
Taxation
|
151.41
|
126.85
|
19
|
299.75
|
266.22
|
13
|
482.72
|
450.93
|
7
|
|
PAT
|
552.67
|
426.84
|
29
|
1074.66
|
908.08
|
18
|
1639.65
|
1502.27
|
9
|
|
Minority
Interest (MI)
|
0
|
0
|
-
|
0
|
0
|
-
|
0
|
0
|
-
|
|
Net
profit
|
552.67
|
426.84
|
29
|
1074.66
|
908.08
|
18
|
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
|
|