|
Gujarat State Petronet consolidated net sales
increased 61.65% to Rs 5536.46 crore in Q1FY23 compared to Q1FY22.
Operating profit margin has declined from
32.15% to 17.58%, leading to 11.59% decline in operating profit to Rs 973.54
crore. Raw material cost as a % of total
sales (net of stock adjustments) increased from 56.77% to 75.55%. Employee cost decreased from 1.85% to
1.11%. Other expenses fell from 9.23%
to 5.77%. Other direct service cost
fell from 2.56% to 1.12%.
Other income fell 9.71% to Rs 21.85
crore. PBIDT fell 11.55% to Rs 995.39
crore. Provision for interest fell
39.48% to Rs 21.43 crore.
PBDT fell 10.65% to Rs 973.96 crore. Provision for depreciation rose 8.31% to Rs
150.63 crore.
Profit before tax down 13.42% to Rs 823.33
crore. Share of profit/loss was 52.19%
higher at Rs 31.99 crore. Provision for
tax was expense of Rs 207.15 crore, compared to Rs 244.02 crore. Effective tax rate was 24.22% compared to
25.11%.
Minority interest decreased 19.88% to Rs
175.04 crore. Net profit attributable to
owners of the company decreased 7.13% to Rs 473.13 crore.
Promoters’ stake was
37.63% as of 30 June 2022 compared to 37.63% as of 30 June 2021.
Full year results analysis Net sales
of Gujarat State Petronet has increased 55.96% to Rs 17990.84 crore.
Operating profit margin has declined from 30.99% to 19.45%, leading to 2.08%
decline in operating profit to Rs 3,500.10 crore. Raw material cost as a % of total sales (net
of stock adjustments) increased from 57.10% to 72.00%. Employee cost decreased from 2.05% to
1.42%. Other expenses fell from 9.87%
to 7.13%. Other direct service cost
fell from 3.18% to 2.01%.
Other income rose 15.87% to Rs 105.58
crore. PBIDT fell 1.63% to Rs 3605.68
crore. Provision for interest fell
50.67% to Rs 111.78 crore. Loan funds
declined from Rs 2,002.85 crore as of 31 March 2021 to Rs 712.84 crore as of 31
March 2022. Inventories rose to Rs
242.42 crore as of 31 March 2022 from Rs 182.10 crore as of 31 March 2021. Sundry debtors were higher at Rs 1,038.67
crore as of 31 March 2022 compared to Rs 959.16 crore as of 31 March 2021. Cash and bank balance declined from Rs 408.92
crore as of 31 March 2021 to Rs 107.70 crore as of 31 March 2022. Investments rose to Rs 1,670.00 crore as of
31 March 2022 from Rs 1,456.75 crore as of 31 March 2021 .
PBDT rose 1.60% to Rs 3493.9 crore. Provision for depreciation rose 6.95% to Rs
579.46 crore. Fixed assets increased to
Rs 10,616.98 crore as of 31 March 2022 from Rs 9,928.11 crore as of 31 March
2021. Intangible assets increased from
Rs 522.34 crore to Rs 574.42 crore.
Profit before tax grew 0.60% to Rs 2,914.44
crore. Share of profit/loss was 40.43%
higher at Rs 54.05 crore. PBT before EO
was up 1% to Rs 2968.49 crore. The company reported EO expense of Rs 11.9 crore
compared to nil in the corresponding previous year period. PBT after EO was up
1% to Rs 2956.59 crore.
Provision for tax was expense of Rs 725.58
crore, compared to Rs 743.18 crore.
Effective tax rate was 24.54% compared to 25.32%.
Minority interest increased 1.21% to Rs
592.72 crore. Net profit attributable to
owners of the company increased 1.96% to Rs 1,638.29 crore.
Equity capital stood at Rs 564.21 crore as of
31 March 2022 to Rs 564.21 crore as of 31 March 2021. Per share face Value remained same at Rs
10.00.
Promoters’ stake was 37.63% as of 31 March
2022 ,compared to 37.63% as of 31 March 2021 .
Cash flow from operating activities decreased
to Rs 2,745.54 crore for year ended March 2022 from Rs 2,897.30 crore for year
ended March 2021. Cash flow used in
acquiring fixed assets during the year ended March 2022 stood at Rs 1,289.23
crore, compared to Rs 856.68 crore during the year ended March 2021.
The
scrip is currently trading at Rs 241
|
Gujarat State Petronet :
Consolidated Results
|
|
Particulars
|
2206
(03)
|
2106
(03)
|
Var.(%)
|
2203
(12)
|
2103
(12)
|
Var.(%)
|
|
Net
Sales
|
5,536.46
|
3,425.05
|
62
|
17,990.84
|
11,535.36
|
56
|
|
OPM
(%)
|
17.6
|
32.2
|
|
19.45
|
31.0
|
|
|
OP
|
973.54
|
1,101.22
|
-12
|
3,500.10
|
3,574.34
|
-2
|
|
Other
Inc.
|
21.85
|
24.2
|
-10
|
105.58
|
91.12
|
16
|
|
PBIDT
|
995.39
|
1,125.42
|
-12
|
3,605.68
|
3,665.46
|
-2
|
|
Interest
|
21.43
|
35.41
|
-39
|
111.78
|
226.58
|
-51
|
|
PBDT
|
973.96
|
1,090.01
|
-11
|
3,493.90
|
3,438.88
|
2
|
|
Depreciation
|
150.63
|
139.07
|
8
|
579.46
|
541.78
|
7
|
|
PBT
|
823.33
|
950.94
|
-13
|
2914.44
|
2897.1
|
1
|
|
Share
of Profit/(Loss) from Associates
|
31.99
|
21.02
|
52
|
54.05
|
38.49
|
40
|
|
PBT
before EO
|
855.32
|
971.96
|
-12
|
2968.49
|
2935.59
|
1
|
|
EO
Income
|
0
|
0
|
-
|
-11.9
|
0
|
-
|
|
PBT
after EO
|
855.32
|
971.96
|
-12
|
2956.59
|
2935.59
|
1
|
|
Taxation
|
207.15
|
244.02
|
-15
|
725.58
|
743.18
|
-2
|
|
PAT
|
648.17
|
727.94
|
-11
|
2231.01
|
2192.41
|
2
|
|
Minority
Interest (MI)
|
175.04
|
218.48
|
-20
|
592.72
|
585.64
|
1
|
|
Net
profit
|
473.13
|
509.46
|
-7
|
1638.29
|
1606.77
|
2
|
|
EPS
(Rs)*
|
#
|
#
|
|
29.2
|
28.5
|
|
|
Notes
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*
EPS is on current equity of Rs 564.21 crore, Face value of Rs 10, Excluding
extraordinary items.
|
|
#
EPS is not annualised
|
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bps
: Basis points
|
|
EO
: Extraordinary items
|
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Figures
in Rs crore
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Source:
Capitaline Corporate Database
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