|
Consolidated net sales (including other
operating income) of Gujarat State Petronet has declined 1.08% to Rs 4265.22
crore.
Operating profit margin has declined from
22.81% to 21.42%, leading to 7.09% decline in operating profit to Rs 913.74
crore. Raw material cost as a % of total
sales (net of stock adjustments) increased from 68.83% to 69.03%. Employee cost increased from 1.54% to
1.58%. Other expenses rose from 6.80%
to 7.97%. Other direct service cost
rose from 1.15% to 1.78%.
Other income rose 83.51% to Rs 44.96
crore. PBIDT fell 4.88% to Rs 958.7
crore. Provision for interest fell
27.58% to Rs 14.47 crore.
PBDT fell 4.42% to Rs 944.23 crore. Provision for depreciation rose 6.60% to Rs
165 crore. Fixed assets increased to Rs
11,620.89 crore as of 30 September 2023 from Rs 10,816.70 crore as of 30
September 2022. Intangible assets
increased from Rs 595.77 crore to Rs 662.37 crore.
Profit before tax down 6.47% to Rs 779.23
crore. Provision for tax was expense of
Rs 198.74 crore, compared to Rs 211.33 crore.
Effective tax rate was 25.18% compared to 25.38%.
Minority interest decreased 26.75% to Rs
135.78 crore. Net profit attributable to
owners of the company increased 4.26% to Rs 454.62 crore.
Equity capital stood at Rs 564.21 crore as of
30 September 2023 to Rs 564.21 crore as of 30 September 2022. Per share face Value remained same at Rs
10.00.
Promoters’ stake was 37.63% as of 30
September 2023 ,compared to 37.63% as of 30 September 2022 .
For year-to-date
(YTD) results analysis
Net sales (including other operating income)
of Gujarat State Petronet has declined 14.98% to Rs 8373.56 crore.
Operating profit margin has declined from
19.87% to 19.65%, leading to 15.94% decline in operating profit to Rs 1,645.07
crore. Raw material cost as a % of total
sales (net of stock adjustments) decreased from 72.61% to 70.75%. Employee cost increased from 1.30% to
1.62%. Other expenses rose from 6.22%
to 7.99%. Other direct service cost
rose from 1.13% to 1.48%.
Other income rose 84.06% to Rs 85.31
crore. PBIDT fell 13.62% to Rs 1730.38
crore. Provision for interest fell
29.78% to Rs 29.08 crore.
PBDT fell 13.28% to Rs 1701.3 crore. Provision for depreciation rose 6.87% to Rs
326.38 crore. Fixed assets increased to
Rs 11,620.89 crore as of 30 September 2023 from Rs 10,816.70 crore as of 30
September 2022. Intangible assets
increased from Rs 595.77 crore to Rs 662.37 crore.
Profit before tax down 17% to Rs 1,374.92
crore. Provision for tax was expense of
Rs 350.35 crore, compared to Rs 418.48 crore.
Effective tax rate was 25.48% compared to 24.79%.
Minority interest decreased 34.86% to Rs
234.77 crore. Net profit attributable to
owners of the company decreased 13.14% to Rs 789.66 crore.
Equity capital stood at Rs 564.21 crore as of
30 September 2023 to Rs 564.21 crore as of 30 September 2022. Per share face Value remained same at Rs
10.00.
Promoters’ stake was 37.63% as of 30
September 2023 ,compared to 37.63% as of 30 September 2022 .
Cash flow from operating activities decreased
to Rs 1,284.94 crore for YTD ended September 2023 from Rs 2,011.36 crore for
YTD ended September 2022. Cash flow used
in acquiring fixed assets during the YTD ended September 2023 stood at Rs
794.24 crore, compared to Rs 612.82 crore during the YTD ended September
2022.
The
scrip is currently trading at Rs 202
|
Gujarat State Petronet :
Consolidated Results
|
|
Particulars
|
2309
(03)
|
2209
(03)
|
Var.(%)
|
2309
(06)
|
2209
(06)
|
Var.(%)
|
2303
(12)
|
2203
(12)
|
Var.(%)
|
|
Net
Sales
|
4,265.22
|
4,311.92
|
-1
|
8,373.56
|
9,848.39
|
-15
|
18,116.59
|
17,990.84
|
1
|
|
OPM
(%)
|
21.4
|
22.8
|
|
19.7
|
19.9
|
|
20.31
|
19.5
|
|
|
OP
|
913.74
|
983.42
|
-7
|
1,645.07
|
1,956.95
|
-16
|
3,679.64
|
3,500.10
|
5
|
|
Other
Inc.
|
44.96
|
24.5
|
84
|
85.31
|
46.35
|
84
|
133
|
105.58
|
26
|
|
PBIDT
|
958.7
|
1,007.92
|
-5
|
1,730.38
|
2,003.30
|
-14
|
3,812.64
|
3,605.68
|
6
|
|
Interest
|
14.47
|
19.98
|
-28
|
29.08
|
41.41
|
-30
|
70.11
|
111.78
|
-37
|
|
PBDT
|
944.23
|
987.94
|
-4
|
1,701.30
|
1,961.89
|
-13
|
3,742.53
|
3,493.90
|
7
|
|
Depreciation
|
165
|
154.78
|
7
|
326.38
|
305.41
|
7
|
620.52
|
579.46
|
7
|
|
PBT
|
779.23
|
833.16
|
-6
|
1374.92
|
1656.48
|
-17
|
3122.01
|
2914.44
|
7
|
|
Share
of Profit/(Loss) from Associates
|
9.91
|
-0.42
|
LP
|
-0.14
|
31.57
|
PL
|
2.79
|
54.04
|
-95
|
|
PBT
before EO
|
789.14
|
832.74
|
-5
|
1374.78
|
1688.05
|
-19
|
3124.8
|
2968.48
|
5
|
|
EO
Income
|
0
|
0
|
-
|
0
|
0
|
-
|
0
|
-11.9
|
-
|
|
PBT
after EO
|
789.14
|
832.74
|
-5
|
1374.78
|
1688.05
|
-19
|
3124.8
|
2956.58
|
6
|
|
Taxation
|
198.74
|
211.33
|
-6
|
350.35
|
418.48
|
-16
|
782.79
|
725.58
|
8
|
|
PAT
|
590.4
|
621.41
|
-5
|
1024.43
|
1269.57
|
-19
|
2342.01
|
2231
|
5
|
|
Minority
Interest (MI)
|
135.78
|
185.36
|
-27
|
234.77
|
360.4
|
-35
|
700.51
|
592.72
|
18
|
|
Net
profit
|
454.62
|
436.05
|
4
|
789.66
|
909.17
|
-13
|
1641.5
|
1638.28
|
0
|
|
EPS
(Rs)*
|
#
|
#
|
|
#
|
#
|
|
29.1
|
29.2
|
|
|
Notes
|
|
*
EPS is on current equity of Rs 564.21 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
|
|