|
Petronet LNG consolidated
net sales increased 76.06% to Rs 8597.9 crore in Q1FY22 compared to
Q1FY21. Operating profit margin has
jumped from 18.63% to 12.23%, leading to 15.56% rise in operating profit to Rs
1,051.53 crore. Raw material cost as a %
of total sales (net of stock adjustments) increased from 78.56% to 85.36%. Employee cost decreased from 0.74% to
0.50%. Other expenses fell from 2.07%
to 1.91%.
Other income rose 0.28% to
Rs 68.57 crore. PBIDT rose 14.49% to Rs
1120.1 crore. Provision for interest
fell 9.20% to Rs 80.03 crore. PBDT rose
16.84% to Rs 1040.07 crore. Provision
for depreciation fell 1.02% to Rs 191.61 crore.
Profit before tax grew
21.80% to Rs 848.46 crore. Provision for
tax was expense of Rs 214.82 crore, compared to Rs 176.37 crore. Effective tax rate was 24.28% compared to
26.08%.
Minority interest was nil
in both the periods. Net profit
attributable to owners of the company increased 34.07% to Rs 670.06 crore.
During Q1FY22 Dahej
terminal processed 194 TBTU of LNG as against 181 TBTU processed during the
corresponding quarter ended 30th June, 2020 and 204 TBTU processed during the
previous quarter ended 31st March, 2021. The overall LNG volume processed by
the company in the current quarter was 209 TBTU, as against the LNG volume
processed in the corresponding and previous quarters, which stood at 190 TBTU
and 218 TBTU respectively.
Promoters’ stake was 50.00%
as of 30 June 2021 ,compared to 50.00% as of 30 June 2020 .
Full year results analysis
Net sales of Petronet LNG
has declined 26.60% to Rs 26022.9 crore.
Operating profit margin has jumped from 11.25% to 18.06%, leading to
17.80% rise in operating profit to Rs 4,699.54 crore. Raw material cost as a % of total sales (net
of stock adjustments) decreased from 86.02% to 79.47%. Employee cost increased from 0.35% to
0.57%. Other expenses fell from 2.37%
to 1.90%.
Other income fell 1.23% to
Rs 359.08 crore. PBIDT rose 16.21% to Rs
5058.62 crore. Provision for interest
fell 16.68% to Rs 335.95 crore. Loan
funds declined from Rs 3,403.41 crore as of 31 March 2020 to Rs 3,344.65 crore
as of 31 March 2021. Inventories
declined from Rs 480.89 crore as of 31 March 2020 to Rs 337.18 crore as of 31
March 2021. Sundry debtors were higher
at Rs 1,874.53 crore as of 31 March 2021 compared to Rs 1,602.57 crore as of 31
March 2020. Cash and bank balance
declined from Rs 4,432.01 crore as of 31 March 2020 to Rs 4,342.34 crore as of
31 March 2021. Investments rose to Rs
1,706.97 crore as of 31 March 2021 from Rs 517.00 crore as of 31 March 2020 .
PBDT rose 19.57% to Rs
4722.67 crore. Provision for
depreciation rose 1.03% to Rs 784.09 crore.
Fixed assets declined from Rs 11,192.67 crore as of 31 March 2020 to Rs
10,338.40 crore as of 31 March 2021.
Intangible assets increased from Rs 0.20 crore to Rs 0.22 crore.
Profit before tax grew
24.10% to Rs 3,938.58 crore. Share of
profit/loss was 28.34% higher at Rs 18.93 crore. Provision for tax was expense of Rs 1018.28
crore, compared to Rs 413.05 crore.
Effective tax rate was 25.73% compared to 13.25%.
Minority interest was nil
in both the periods. Net profit
attributable to owners of the company increased 8.73% to Rs 2,939.23
crore.
Equity capital stood at Rs
1,500.00 crore as of 31 March 2021 to Rs 1,500.00 crore as of 31 March
2020. Per share face Value remained same
at Rs 10.00.
Promoters’ stake was 50.00%
as of 31 March 2021 ,compared to 50.00% as of 31 March 2020 .
Cash flow from operating
activities increased to Rs 3,559.23 crore for year ended March 2021 from Rs
2,863.11 crore for year ended March 2020.
Cash flow used in acquiring fixed assets during the year ended March
2021 stood at Rs 73.04 crore, compared to Rs 40.79 crore during the year ended
March 2020.
The scrip is trading at Rs 215
at BSE
|
Petronet
LNG : Consolidated Results
|
|
Particulars
|
2106
(03)
|
2006
(03)
|
Var.(%)
|
2103
(12)
|
2003
(12)
|
Var.(%)
|
|
Net
Sales
|
8,597.90
|
4,883.57
|
76
|
26,022.90
|
35,452.00
|
-27
|
|
OPM
(%)
|
12.2
|
18.6
|
|
18.1
|
11
|
|
|
OP
|
1,051.53
|
909.94
|
16
|
4,699.54
|
3,989.47
|
18
|
|
Other
Inc.
|
68.57
|
68.38
|
0
|
359.08
|
363.57
|
-1
|
|
PBIDT
|
1,120.10
|
978.32
|
14
|
5,058.62
|
4,353.04
|
16
|
|
Interest
|
80.03
|
88.14
|
-9
|
335.95
|
403.2
|
-17
|
|
PBDT
|
1,040.07
|
890.18
|
17
|
4,722.67
|
3,949.84
|
20
|
|
Depreciation
|
191.61
|
193.58
|
-1
|
784.09
|
776.13
|
1
|
|
PBT
|
848.46
|
696.6
|
22
|
3938.58
|
3173.71
|
24
|
|
Share
of Profit/(Loss) from Associates
|
36.42
|
-20.44
|
LP
|
18.93
|
14.75
|
28
|
|
PBT
before EO
|
884.88
|
676.16
|
31
|
3957.51
|
3188.46
|
24
|
|
EO
Income
|
0
|
0
|
-
|
0
|
-72.06
|
-
|
|
PBT
after EO
|
884.88
|
676.16
|
31
|
3957.51
|
3116.4
|
27
|
|
Taxation
|
214.82
|
176.37
|
22
|
1018.28
|
413.05
|
147
|
|
PAT
|
670.06
|
499.79
|
34
|
2939.23
|
2703.35
|
9
|
|
EPS
(Rs)*
|
#
|
#
|
|
19.6
|
18.4
|
|
|
Notes
|
|
*
EPS is on current equity of Rs 1,500.00 crore, Face value of Rs 10, Excluding
extraordinary items.
|
|
#
EPS is not annualised
|
|
bps
: Basis points
|
|
EO
: Extraordinary items
|
|
Figures
in Rs crore
|
|
Source:
Capitaline Corporate Database
|
|