Operating margins of the company rose 1110 bps to 34.6%. As a result operating profit of the company rose 28% to Rs 500.67 crore.

Other income of the company fell to Rs 25.91 crore compared to Rs 37.56 crore in Q3FY'20. Interest cost was Rs 3.05 crore compared to Rs 2.01 crore in the corresponding previous year period. Depreciation rose 17% to Rs 74.99 crore. PBT as a result rose 23% to Rs 448.54 crore. Tax expense was Rs 113.67 crore compared to tax expense of Rs 95.29 crore. The company's net profit was up 25% at Rs 334.87 crore. Further, considering share of profit of associate net profit rose 28% to Rs 381.83 crore.

During Q3FY21, CNG sales volume has decreased by 9% to 289 million kgs and PNG sales volumes remained flat at 164 MMSCM. On an overall basis there is 6% decrease in sales volume during this quarter to 576 MMSCM over corresponding quarter of FY20.

Performance for nine months ended Dec20

For nine months ended Dec20, Net sales of the company excluding excise duty fell 31% to Rs 3390.17 crore compared to corresponding previous year quarter.

Operating margins of the company rose 600 bps to 29.2%. As a result operating profit of the company fell 13% to Rs 991.23 crore.

Other income of the company fell 22% to Rs 86.85 crore compared to Rs 111.92 crore in 9MFY'20. Interest cost was Rs 7.71 crore compared to Rs 5.45 crore in the corresponding previous year period. Depreciation rose 15% to Rs 214.27 crore. PBT as a result fell 19% to Rs 856.10 crore. The effective tax rate fell 340 bps to 16.4% post, which the company's PAT was down 16% at Rs 715.74 crore. Further considering share of profit of associate net profit fell 17% to Rs 797.46 crore

The scrip is currently trading at Rs 565 on the BSE.