Results     18-Jun-20
Analysis
Indraprastha Gas
NP up 27%
Related Tables
 Indraprastha Gas : Results
Indraprastha Gas net sales excluding excise duty rose 1% during Q4FY'20 to Rs 1552.53 crore compared to corresponding previous year quarter. Product wise, CNG (Compressed natural gas) recorded sales of Rs. 1108 crore, registering a flat growth and PNG (piped natural gas) recorded sales of Rs. 430crore also registering a flat growth over previous year. Operating margins of the company rose 280 bps to 24.3%. As a result operating profit of the company rose 14% to Rs 376.74 crore.

Other income of the company fell to Rs 31.26 crore compared to Rs 38.11 crore in Q4FY'19. Interest cost was Rs 2.67 crore compared to Rs 0.02 crore in the corresponding previous year period. Depreciation rose 25% to Rs 65.51 crore. PBT as a result rose 7% to Rs 339.82 crore. The effective tax rate fell 430 bps to 28.7% post, which the company's net profit was up 14% at Rs 242.17 crore. Further considering share of profit of associate net profit rose 27% to Rs 290.76 crore

During Q4FY20, CNG sales volume has decreased by 1% to 291 MMSCM and PNG sales volumes increased by 6% over Q4 of FY19 to 158 MMSCM. On an overall basis there is 1% decrease in sales volume during this quarter to 567 MMSCM over corresponding quarter of FY19.

Performance for year ended Mar20

For year ended Mar20, Net sales of the company excluding excise duty rose 12% to Rs 6485.27 crore compared to corresponding previous year quarter.

Operating margins of the company rose 160 bps to 23.4%. As a result operating profit of the company rose 21% to Rs 1519.64 crore.

Other income of the company rose 11% to Rs 143.18 crore compared to Rs 128.45 crore in FY'19. Interest cost was Rs 8.12 crore compared to Rs 2.05 crore in the corresponding previous year period. Depreciation rose 25% to Rs 252.25 crore. PBT as a result rose 19% to Rs 1402.45 crore. The effective tax rate fell 1420 bps to 21.9% post, which the company's PAT was up 45% at Rs 1094.94 crore. Further considering share of profit of associate net profit rose 48% to Rs 1248.99 crore

The scrip is currently trading at Rs 454 on the BSE.

Previous News
  Indraprastha Gas
 ( Results - Analysis 08-May-24   13:05 )
  Indraprastha Gas signs MoU to establish Compressed Biogas (CBG) plants
 ( Corporate News - 07-Feb-24   17:08 )
  Indraprastha Gas appoints director
 ( Corporate News - 16-May-24   18:21 )
  Indraprastha Gas to announce Quarterly Result
 ( Corporate News - 12-Oct-22   10:42 )
  Indraprastha Gas
 ( Results - Analysis 10-Aug-22   08:46 )
  GAIL (India) Ltd Slips 1.8%
 ( Hot Pursuit - 23-Jun-22   09:45 )
  Board of Indraprastha Gas recommends Final Dividend
 ( Corporate News - 19-May-22   10:16 )
  Indraprastha Gas to announce Quarterly Result
 ( Corporate News - 19-Oct-23   16:55 )
  Board of Indraprastha Gas recommends Final Dividend
 ( Corporate News - 18-Jun-20   10:09 )
  IGL appoints Rakesh Kumar Jain as chairman
 ( Hot Pursuit - 14-Jan-23   16:10 )
  Indraprastha Gas consolidated net profit rises 28.40% in the December 2020 quarter
 ( Results - Announcements 11-Feb-21   08:50 )
Other Stories
  Shalby
  08-Jul-24   18:33
  Apollo Hospitals Enterprise
  04-Jun-24   10:04
  ITL Industries
  01-Jun-24   02:14
  International Combustion (India)
  31-May-24   11:32
  Fluidomat
  31-May-24   11:28
  ISGEC Heavy Engineering
  31-May-24   11:24
  Sreeleathers
  31-May-24   11:20
  Cummins India
  31-May-24   11:18
  Bata India
  31-May-24   09:55
  Tata Steel
  31-May-24   08:36
Back Top