Other income fell 4.06% to Rs 23.84 crore. Provision for interest fell 49.20% to Rs 40.52 crore. Provision for depreciation rose 3.24% to Rs 136.83 crore. Profit before tax grew 24.99% to Rs 748.32 crore. Provision for tax was expense of Rs 192.89 crore, compared to Rs 100.75 crore. Effective tax rate was 25.04% compared to 16.84%.

Minority interest increased 40.11% to Rs 160.83 crore. Net profit attributable to owners of the company increased 8.82% to Rs 416.68 crore.

Full year results analysis

Net sales (including other operating income) of Gujarat State Petronet has declined 5.78% to Rs 11535.36 crore. Operating profit margin has jumped from 26.32% to 30.99%, leading to 10.90% rise in operating profit to Rs 3,574.34 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 60.92% to 57.10%. Employee cost increased from 1.94% to 2.05%. Other expenses fell from 10.82% to 9.87%.Other direct service cost fell from 4.20% to 3.18%.

Other income fell 15.36% to Rs 91.12 crore. Provision for interest fell 38.60% to Rs 226.58 crore. Loan funds declined from Rs 2,378.49 crore as of 31 March 2020 to Rs 1,519.82 crore as of 31 March 2021. Inventories rose to Rs 182.10 crore as of 31 March 2021 from Rs 172.39 crore as of 31 March 2020. Sundry debtors were higher at Rs 906.20 crore as of 31 March 2021 compared to Rs 655.32 crore as of 31 March 2020. Cash and bank balance declined from Rs 789.77 crore as of 31 March 2020 to Rs 408.92 crore as of 31 March 2021. Investments rose to Rs 1,456.75 crore as of 31 March 2021 from Rs 1,023.04 crore as of 31 March 2020 .

Provision for depreciation rose 4.59% to Rs 541.78 crore. Fixed assets increased to Rs 9,928.11 crore as of 31 March 2021 from Rs 9,565.91 crore as of 31 March 2020. Intangible assets increased from Rs 496.94 crore to Rs 522.34 crore.

Profit before tax grew 18.56% to Rs 2,897.10 crore. Provision for tax was expense of Rs 743.18 crore, compared to Rs 158.91 crore. Effective tax rate was 25.32% compared to 6.52%.

Minority interest increased 6.58% to Rs 585.64 crore. Net profit attributable to owners of the company decreased 7.08% to Rs 1,606.77 crore.

Promoters' stake was 37.63% as of 31 March 2021 compared to 37.64% as of 31 March 2020 .

Cash flow from operating activities increased to Rs 2,897.30 crore for year ended March 2021 from Rs 2,770.88 crore for year ended March 2020. Cash flow used in acquiring fixed assets during the year ended March 2021 stood at Rs 856.68 crore, compared to Rs 702.78 crore during the year ended March 2020.

The Board of Directors of the company have recommended dividend of Rs. 2.00 (@ 20 %) per share of Rs. 10/- each on equity shares of the company for the financial year 2020-21, subject to the approval of shareholders in ensuing Annual General Meeting

The scrip is currently trading at Rs 307