|
Consolidated net sales (including other
operating income) of Gujarat State Petronet has increased 6.14% to Rs 4532.2
crore. Operating profit margin has
jumped from 20.03% to 21.40%, leading to 13.40% rise in operating profit to Rs
969.78 crore. Raw material cost as a %
of total sales (net of stock adjustments) decreased from 70.10% to 67.85%. Employee cost increased from 1.54% to
1.65%. Other expenses rose from 8.32%
to 9.09%. Other direct service cost
fell from 1.62% to 1.15%.
Other income rose 30.83% to Rs 58.78
crore. PBIDT rose 14.27% to Rs 1028.56
crore. Provision for interest rose
36.50% to Rs 8.04 crore. Loan funds
declined from Rs 149.39 crore as of 31 March 2023 to Rs 139.61 crore as of 31
March 2024. Inventories declined from Rs
273.27 crore as of 31 March 2023 to Rs 269.49 crore as of 31 March 2024. Sundry debtors were higher at Rs 1,148.11
crore as of 31 March 2024 compared to Rs 1,141.38 crore as of 31 March 2023. Cash and bank balance rose to Rs 1,399.56
crore as of 31 March 2024 from Rs 1,372.63 crore as of 31 March 2023. Investments rose to Rs 1,889.11 crore as of
31 March 2024 from Rs 1,621.39 crore as of 31 March 2023 .
PBDT rose 14.12% to Rs 1020.52 crore. Provision for depreciation rose 7.55% to Rs
169.17 crore. Fixed assets increased to
Rs 11,754.88 crore as of 31 March 2024 from Rs 11,242.88 crore as of 31 March
2023. Intangible assets increased from
Rs 646.75 crore to Rs 703.81 crore.
Profit before tax grew 15.52% to Rs 851.35
crore. Share of profit/loss was 56.59%
higher at Rs -7.81 crore. Provision for
tax was expense of Rs 236.12 crore, compared to Rs 176.16 crore. Effective tax rate was 26.26% compared to
24.50%.
Minority interest increased 10.79% to Rs
188.14 crore. Net profit attributable to
owners of the company increased 27.34% to Rs 474.97 crore.
Equity
capital stood at Rs 564.21 crore as of 31 March 2024 to Rs 564.21 crore as of
31 March 2023. Per share face Value
remained same at Rs 10.00.
Promoters’ stake was 37.63% as of 31 March
2024 ,compared to 37.63% as of 31 March 2023 .
Full year results
analysis
Net sales (including other operating income)
of Gujarat State Petronet has declined 4.54% to Rs 17294.84 crore. Operating profit margin has declined from
20.16% to 19.56%, leading to 7.40% decline in operating profit to Rs 3,383.00
crore. Raw material cost as a % of total
sales (net of stock adjustments) decreased from 71.12% to 70.22%. Employee cost increased from 1.48% to
1.61%. Other expenses rose from 7.24%
to 8.60%. Other direct service cost
rose from 1.29% to 1.59%.
Other income rose 40.21% to Rs 186.48
crore. PBIDT fell 5.72% to Rs 3569.48
crore. Provision for interest fell
26.47% to Rs 32.08 crore. Loan funds
declined from Rs 149.39 crore as of 31 March 2023 to Rs 139.61 crore as of 31
March 2024. Inventories declined from Rs
273.27 crore as of 31 March 2023 to Rs 269.49 crore as of 31 March 2024. Sundry debtors were higher at Rs 1,148.11
crore as of 31 March 2024 compared to Rs 1,141.38 crore as of 31 March
2023. Cash and bank balance rose to Rs
1,399.56 crore as of 31 March 2024 from Rs 1,372.63 crore as of 31 March
2023. Investments rose to Rs 1,889.11
crore as of 31 March 2024 from Rs 1,621.39 crore as of 31 March 2023 .
PBDT fell 5.48% to Rs 3537.4 crore. Provision for depreciation rose 6.98% to Rs
663.82 crore. Fixed assets increased to
Rs 11,754.88 crore as of 31 March 2024 from Rs 11,242.88 crore as of 31 March
2023. Intangible assets increased from
Rs 646.75 crore to Rs 703.81 crore.
Profit before tax down 7.96% to Rs 2,873.58
crore. Share of profit/loss was 96.06%
higher at Rs 5.47 crore. Provision for
tax was expense of Rs 751 crore, compared to Rs 782.79 crore. Effective tax rate was 25.59% compared to
25.05%.
Minority interest decreased 25.17% to Rs
524.21 crore. Net profit attributable to
owners of the company increased 1.10% to Rs 1,659.53 crore.
Equity capital stood at Rs 564.21 crore as of
31 March 2024 to Rs 564.21 crore as of 31 March 2023. Per share face Value remained same at Rs
10.00.
Promoters’ stake was 37.63% as of 31 March
2024 ,compared to 37.63% as of 31 March 2023 .
Cash flow from
operating activities decreased to Rs 2,803.40 crore for year ended March 2024
from Rs 3,339.97 crore for year ended March 2023. Cash flow used in acquiring fixed assets
during the year ended March 2024 stood at Rs 1,253.49 crore, compared to Rs
1,278.02 crore during the year ended March 2023.
The
scrip is currently trading at Rs 293
|
Gujarat State Petronet :
Consolidated Results
|
|
Particulars
|
2403
(03)
|
2303
(03)
|
Var.(%)
|
2403
(12)
|
2303
(12)
|
Var.(%)
|
|
Net
Sales (including other operating income)
|
4,532.20
|
4,270.16
|
6
|
17,294.84
|
18,116.59
|
-5
|
|
OPM
(%)
|
21.4
|
20.03
|
|
19.56
|
20.16
|
|
|
OP
|
969.78
|
855.21
|
13
|
3,383.00
|
3,653.16
|
-7
|
|
Other
Inc.
|
58.78
|
44.93
|
31
|
186.48
|
133
|
40
|
|
PBIDT
|
1,028.56
|
900.14
|
14
|
3,569.48
|
3,786.16
|
-6
|
|
Interest
|
8.04
|
5.89
|
37
|
32.08
|
43.63
|
-26
|
|
PBDT
|
1,020.52
|
894.25
|
14
|
3,537.40
|
3,742.53
|
-5
|
|
Depreciation
|
169.17
|
157.3
|
8
|
663.82
|
620.52
|
7
|
|
PBT
|
851.35
|
736.95
|
16
|
2873.58
|
3122.01
|
-8
|
|
Share
of Profit/(Loss) from Associates
|
-7.81
|
-17.99
|
57
|
5.47
|
2.79
|
96
|
|
PBT
before EO
|
843.54
|
718.96
|
17
|
2879.05
|
3124.8
|
-8
|
|
EO
Income
|
55.69
|
0
|
-
|
55.69
|
0
|
-
|
|
PBT
after EO
|
899.23
|
718.96
|
25
|
2934.74
|
3124.8
|
-6
|
|
Taxation
|
236.12
|
176.16
|
34
|
751
|
782.79
|
-4
|
|
PAT
|
663.11
|
542.8
|
22
|
2183.74
|
2342.01
|
-7
|
|
Minority
Interest (MI)
|
188.14
|
169.81
|
11
|
524.21
|
700.51
|
-25
|
|
Net
profit
|
474.97
|
372.99
|
27
|
1659.53
|
1641.5
|
1
|
|
EPS
(Rs)*
|
#
|
#
|
|
28.86
|
29.09
|
|
|
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
|
|