|
Gujarat State
Petronet consolidated net sales increased 9.78% to Rs 4389.08 crore in Q3FY24
compared to Q3FY23.
Operating profit
margin has declined from 21.51% to 17.93%, leading to 8.48% decline in
operating profit to Rs 787.02 crore. Raw
material cost as a % of total sales (net of stock adjustments) increased from
68.54% to 71.67%. Employee cost
decreased from 1.86% to 1.56%. Other
expenses rose from 8.11% to 8.84%.
Other direct service cost rose from 1.35% to 2.25%.
Other income rose
1.63% to Rs 42.39 crore. PBIDT fell
8.01% to Rs 829.41 crore. Provision for
interest fell 9.38% to Rs 13.82 crore.
PBDT fell 7.99% to Rs
815.59 crore. Provision for depreciation
rose 6.63% to Rs 168.28 crore.
Profit before tax
down 11.15% to Rs 647.31 crore.
Provision for tax was expense of Rs 164.53 crore, compared to Rs 188.15
crore. Effective tax rate was 24.90%
compared to 26.21%.
Minority interest
decreased 40.52% to Rs 101.30 crore. Net
profit attributable to owners of the company increased 9.90% to Rs 394.90
crore.
Promoters’ stake was
37.63% as of 31 December 2023 ,compared to 37.63% as of 31 December 2022 .
For year-to-date (YTD) results analysis
Net sales (including
other operating income) of Gujarat State Petronet has declined 7.83% to Rs
12762.64 crore.
Operating profit
margin has declined from 20.34% to 19.06%, leading to 13.66% decline in operating
profit to Rs 2,432.08 crore. Raw
material cost as a % of total sales (net of stock adjustments) decreased from
71.44% to 71.07%. Employee cost
increased from 1.46% to 1.60%. Other
expenses rose from 6.77% to 8.28%.
Other direct service cost rose from 1.19% to 1.74%.
Other income rose
45.01% to Rs 127.7 crore. PBIDT fell
11.88% to Rs 2559.78 crore. Provision
for interest fell 24.29% to Rs 42.9 crore.
PBDT fell 11.63% to
Rs 2516.88 crore. Provision for
depreciation rose 6.79% to Rs 494.65 crore.
Profit before tax
down 15.21% to Rs 2,022.23 crore. Share
of profit/loss was 36.09% lower at Rs 13.28 crore. Provision for tax was expense of Rs 514.88
crore, compared to Rs 606.63 crore.
Effective tax rate was 25.29% compared to 25.21%.
Minority interest
decreased 36.67% to Rs 336.07 crore. Net
profit attributable to owners of the company decreased 6.62% to Rs 1,184.56
crore.
Promoters’ stake was
37.63% as of 31 December 2023 ,compared to 37.63% as of 31 December 2022 .
The
scrip is currently trading at Rs 353
|
Gujarat State Petronet :
Consolidated Results
|
|
Particulars
|
2312
(03)
|
2212
(03)
|
Var.(%)
|
2312
(09)
|
2212
(09)
|
Var.(%)
|
2303
(12)
|
2203
(12)
|
Var.(%)
|
|
Net
Sales
|
4,389.08
|
3,998.04
|
10
|
12,762.64
|
13,846.43
|
-8
|
18,116.59
|
17,990.84
|
1
|
|
OPM
(%)
|
17.93
|
21.51
|
|
19.06
|
20.34
|
|
20.31
|
19.45
|
|
|
OP
|
787.02
|
859.92
|
-8
|
2,432.08
|
2,816.87
|
-14
|
3,679.64
|
3,500.10
|
5
|
|
Other
Inc.
|
42.39
|
41.71
|
2
|
127.7
|
88.06
|
45
|
133
|
105.58
|
26
|
|
PBIDT
|
829.41
|
901.63
|
-8
|
2,559.78
|
2,904.93
|
-12
|
3,812.64
|
3,605.68
|
6
|
|
Interest
|
13.82
|
15.25
|
-9
|
42.9
|
56.66
|
-24
|
70.11
|
111.78
|
-37
|
|
PBDT
|
815.59
|
886.38
|
-8
|
2,516.88
|
2,848.27
|
-12
|
3,742.53
|
3,493.90
|
7
|
|
Depreciation
|
168.28
|
157.81
|
7
|
494.65
|
463.22
|
7
|
620.52
|
579.46
|
7
|
|
PBT
|
647.31
|
728.57
|
-11
|
2022.23
|
2385.05
|
-15
|
3122.01
|
2914.44
|
7
|
|
Share
of Profit/(Loss) from Associates
|
13.42
|
-10.79
|
LP
|
13.28
|
20.78
|
-36
|
2.79
|
54.04
|
-95
|
|
PBT
before EO
|
660.73
|
717.78
|
-8
|
2035.51
|
2405.83
|
-15
|
3124.8
|
2968.48
|
5
|
|
EO
Income
|
0
|
0
|
-
|
0
|
0
|
-
|
0
|
-11.9
|
-
|
|
PBT
after EO
|
660.73
|
717.78
|
-8
|
2035.51
|
2405.83
|
-15
|
3124.8
|
2956.58
|
6
|
|
Taxation
|
164.53
|
188.15
|
-13
|
514.88
|
606.63
|
-15
|
782.79
|
725.58
|
8
|
|
PAT
|
496.2
|
529.63
|
-6
|
1520.63
|
1799.2
|
-15
|
2342.01
|
2231
|
5
|
|
Minority
Interest (MI)
|
101.3
|
170.3
|
-41
|
336.07
|
530.7
|
-37
|
700.51
|
592.72
|
18
|
|
Net
profit
|
394.9
|
359.33
|
10
|
1184.56
|
1268.5
|
-7
|
1641.5
|
1638.28
|
0
|
|
EPS
(Rs)*
|
7
|
6.37
|
|
21
|
22.48
|
|
29.09
|
29.15
|
|
|
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
|
|