|
Consolidated net sales (including other
operating income) of Indraprastha Gas has declined 2.31% to Rs 3596.79
crore. Operating profit margin has
jumped from 12.52% to 14.49%, leading to 13.09% rise in operating profit to Rs
521.17 crore. Purchase of finished goods
cost fell from 75.85% to 70.98%.
Employee cost increased from 1.27% to 1.86%. Other expenses rose from 10.37% to
12.67%.
Other income rose 12.70% to Rs 79.89
crore. PBIDT rose 13.04% to Rs 601.06
crore. Provision for interest rose 0.78%
to Rs 2.57 crore. Loan funds declined
from Rs 82.77 crore as of 31 March 2023 to Rs 81.17 crore as of 31 March
2024. Inventories rose to Rs 52.23 crore
as of 31 March 2024 from Rs 49.17 crore as of 31 March 2023. Sundry debtors were higher at Rs 1,018.63
crore as of 31 March 2024 compared to Rs 903.35 crore as of 31 March 2023. Cash and bank balance rose to Rs 2,155.51
crore as of 31 March 2024 from Rs 2,132.15 crore as of 31 March 2023. Investments rose to Rs 2,222.10 crore as of
31 March 2024 from Rs 1,521.93 crore as of 31 March 2023 .
PBDT rose 13.10% to Rs 598.49 crore. Provision for depreciation rose 18.26% to Rs
110.89 crore. Fixed assets increased to
Rs 7,986.77 crore as of 31 March 2024 from Rs 7,154.28 crore as of 31 March
2023. Intangible assets declined from Rs
13.00 crore to Rs 12.95 crore.
Profit before tax grew 11.99% to Rs 487.60
crore. Share of profit/loss was 20.31%
higher at Rs 81.52 crore. Provision for
tax was expense of Rs 135.83 crore, compared to Rs 105.65 crore. Effective tax rate was 23.87% compared to
21.00%.
Minority interest was nil in both the
periods. Net profit attributable to
owners of the company increased 9.13% to Rs 433.79 crore.
Equity capital stood at Rs 140.00 crore as of
31 March 2024 to Rs 140.00 crore as of 31 March 2023. Per share face Value remained same at Rs
2.00.
Promoters’ stake was 45.00% as of 31 March
2024 ,compared to 45.00% as of 31 March 2023.
During Q4FY24, CNG sales volume has increased
by 5% to 579.91 million standard cubic metres (mscm) and PNG sales volumes
increased 11% to 214.28 mscm. On an overall basis there is 7% increase in sales
volume during this period to 794.22 mscm over corresponding period of
FY23.
Full
year results analysis
Net sales (including other operating income)
of Indraprastha Gas has declined 0.94% to Rs 14000.02 crore. Operating profit margin has jumped from
14.33% to 16.88%, leading to 16.70% rise in operating profit to Rs 2,363.66
crore. Purchase of finished goods cost
fell from 73.85% to 70.10%. Employee
cost increased from 1.33% to 1.63%.
Other expenses rose from 10.49% to 11.39%.
Other income rose 20.13% to Rs 260.95 crore. PBIDT rose 17.03% to Rs 2624.61 crore. Provision for interest fell 13.41% to Rs 9.17
crore. Loan funds declined from Rs 82.77
crore as of 31 March 2023 to Rs 81.17 crore as of 31 March 2024. Inventories rose to Rs 52.23 crore as of 31
March 2024 from Rs 49.17 crore as of 31 March 2023. Sundry debtors were higher at Rs 1,018.63
crore as of 31 March 2024 compared to Rs 903.35 crore as of 31 March 2023. Cash and bank balance rose to Rs 2,155.51
crore as of 31 March 2024 from Rs 2,132.15 crore as of 31 March 2023. Investments rose to Rs 2,222.10 crore as of
31 March 2024 from Rs 1,521.93 crore as of 31 March 2023 .
PBDT rose 17.17% to Rs 2615.44 crore. Provision for depreciation rose 13.93% to Rs
413.96 crore. Fixed assets increased to
Rs 7,986.77 crore as of 31 March 2024 from Rs 7,154.28 crore as of 31 March
2023. Intangible assets declined from Rs
13.00 crore to Rs 12.95 crore.
Profit before tax grew 17.81% to Rs 2,201.48
crore. Share of profit/loss was 34.46%
higher at Rs 341.02 crore. Provision for
tax was expense of Rs 559.1 crore, compared to Rs 482.72 crore. Effective tax rate was 21.99% compared to
22.74%.
Minority interest was nil in both the
periods. Net profit attributable to
owners of the company increased 21.07% to Rs 1,985.07 crore.
Equity capital stood at Rs 140.00 crore as of
31 March 2024 to Rs 140.00 crore as of 31 March 2023. Per share face Value remained same at Rs
2.00.
Promoters’ stake was 45.00% as of 31 March
2024 ,compared to 45.00% as of 31 March 2023 .
Cash flow from operating activities decreased
to Rs 1,531.76 crore for year ended March 2024 from Rs 2,230.59 crore for year
ended March 2023. Cash flow used in
acquiring fixed assets during the year ended March 2024 stood at Rs 1,229.05
crore, compared to Rs 1,122.05 crore during the year ended March 2023.
During FY24, CNG sales volume has increased
by 4% to 2298.24 million standard cubic metres (mscm) and PNG sales volumes
increased 6% to 786.2 mscm. On an overall basis there is 4% increase in sales volume
during this period to 3084.47 mscm over of FY24. The scrip is currently trading at Rs 455 on
the BSE.
|
Indraprastha Gas : Consolidated
Results
|
|
Particulars
|
2403
(03)
|
2303
(03)
|
Var.(%)
|
2403
(12)
|
2303
(12)
|
Var.(%)
|
|
Net
Sales (including other operating income)
|
3,596.79
|
3,681.99
|
-2
|
14,000.02
|
14,132.63
|
-1
|
|
OPM
(%)
|
14.49
|
12.52
|
|
16.88
|
14.33
|
|
|
OP
|
521.17
|
460.83
|
13
|
2,363.66
|
2,025.46
|
17
|
|
Other
Inc.
|
79.89
|
70.89
|
13
|
260.95
|
217.23
|
20
|
|
PBIDT
|
601.06
|
531.72
|
13
|
2,624.61
|
2,242.69
|
17
|
|
Interest
|
2.57
|
2.55
|
1
|
9.17
|
10.59
|
-13
|
|
PBDT
|
598.49
|
529.17
|
13
|
2,615.44
|
2,232.10
|
17
|
|
Depreciation
|
110.89
|
93.77
|
18
|
413.96
|
363.36
|
14
|
|
PBT
|
487.6
|
435.4
|
12
|
2201.48
|
1868.74
|
18
|
|
Share
of Profit/(Loss) from Associates
|
81.52
|
67.76
|
20
|
341.02
|
253.63
|
34
|
|
PBT
before EO
|
569.12
|
503.16
|
13
|
2542.5
|
2122.37
|
20
|
|
EO
Income
|
0
|
0
|
-
|
0
|
0
|
-
|
|
PBT
after EO
|
569.12
|
503.16
|
13
|
2542.5
|
2122.37
|
20
|
|
Taxation
|
135.83
|
105.65
|
29
|
559.1
|
482.72
|
16
|
|
PAT
|
433.29
|
397.51
|
9
|
1983.4
|
1639.65
|
21
|
|
Minority
Interest (MI)
|
-0.5
|
0
|
-
|
-1.67
|
0
|
-
|
|
Net
profit
|
433.79
|
397.51
|
9
|
1985.07
|
1639.65
|
21
|
|
EPS
(Rs)*
|
#
|
#
|
|
28.4
|
23.4
|
|
|
Notes
|
|
*
EPS is on current equity of Rs 140.00 crore, Face value of Rs 2, Excluding
extraordinary items.
|
|
#
EPS is not annualised
|
|
bps
: Basis points
|
|
EO
: Extraordinary items
|
|
Figures
in Rs crore
|
|
Source:
Capitaline Corporate Database
|
|