|
Consolidated net sales (including other
operating income) of GAIL (India) has increased 5.94% to Rs 34737.77
crore. Sales of Natural Gas segment has
gone up 10.41% to Rs 2,864.03 crore (accounting for 6.74% of total sales). Sales of LPG segment has gone up 1.26% to Rs
179.80 crore (accounting for 0.42% of total sales). Sales of Natural Gas Trading segment rose
3.65% to Rs 33,119.88 crore (accounting for 77.97% of total sales). Sales of Petrochemicals segment has gone down
4.23% to Rs 1,631.49 crore (accounting for 3.84% of total sales). Sales of LPG and Liquid Hydrocarbons segment
has gone down 11.26% to Rs 1,170.56 crore (accounting for 2.76% of total
sales). Sales of City Gas Distribution
segment has gone up 34.34% to Rs 3,229.22 crore (accounting for 7.60% of total
sales). Inter-segment sales rose Rs
7,565.60 crore to Rs 7,655.20 crore.
Profit before interest, tax and other
unallocable items (PBIT) has jumped 75.65% to Rs 4,088.25 crore. PBIT of Natural Gas segment rose 41.21% to Rs
1,446.87 crore (accounting for 35.39% of total PBIT). PBIT of LPG segment rose 0.71% to Rs 80.75
crore (accounting for 1.98% of total PBIT).
PBIT of Natural Gas Trading segment rose 94.62% to Rs 2,036.13 crore
(accounting for 49.80% of total PBIT).
PBIT of Petrochemicals segment rose 83.66% to Rs -49.31 crore
(accounting for -1.21% of total PBIT).
PBIT of LPG and Liquid Hydrocarbons segment rose 13.73% to Rs 229.85
crore (accounting for 5.62% of total PBIT).
PBIT of City Gas Distribution segment rose 41.03% to Rs 188.45 crore
(accounting for 4.61% of total PBIT).
PBIT of Others segment rose 9.07% to Rs 155.51 crore (accounting for
3.80% of total PBIT).
PBIT margin of Natural Gas segment rose from
39.50% to 50.52%. PBIT margin of LPG
segment fell from 45.15% to 44.91%. PBIT
margin of Natural Gas Trading segment rose from 3.27% to 6.15%. PBIT margin of Petrochemicals segment rose
from negative 17.71% to negative 3.02%.
PBIT margin of LPG and Liquid Hydrocarbons segment rose from 15.32% to
19.64%. PBIT margin of City Gas Distribution
segment rose from 5.56% to 5.84%.
Overall PBIT margin rose from 5.80% to 9.62%.
Operating profit margin has jumped from 8.11%
to 13.79%, leading to 80.06% rise in operating profit to Rs 4,790.02
crore. Raw material cost as a % of total
sales (net of stock adjustments) decreased from 5.99% to 4.17%. Purchase of finished goods cost fell from
77.43% to 74.96%. Employee cost
increased from 1.59% to 1.63%. Other
expenses fell from 6.71% to 5.30%.
Other income rose 45.09% to Rs 220.55
crore. PBIDT rose 78.17% to Rs 5010.57
crore. Provision for interest rose
12.82% to Rs 208.76 crore.
PBDT rose 82.77% to Rs 4801.81 crore. Provision for depreciation rose 59.66% to Rs
1152.19 crore.
Profit before tax grew 91.53% to Rs 3,649.62
crore. Share of profit/loss was 23.14%
higher at Rs 464.2 crore. Provision for
tax was expense of Rs 930.47 crore, compared to Rs 489.52 crore. Effective tax rate was 22.62% compared to
21.45%.
Minority interest decreased 63.16% to Rs 0.42
crore. Net profit attributable to owners
of the company increased 77.63% to Rs 3,182.93 crore.
Promoters’ stake was 51.52% as of 30 June
2024 ,compared to 51.52% as of 30 June 2023 .
Shri
Sandeep Kumar Gupta, Chairman & Managing Director, GAIL said that, the Company
has incurred a Capex of about Rs 1,659 crore during the current quarter, mainly
on Pipelines, Petrochemicals, Equity to JVs, etc. which is about 21% of annual
target of Rs 8,044 crore. He further stated that GAIL has advanced its Net Zero
carbon target for scope-1 and scope-2 emissions to 2035 from earlier 2040.
Full
year results analysis
Net sales (including other operating income)
of GAIL (India) has declined 8.54% to Rs 133228.46 crore. Sales of Natural Gas segment has gone up
54.46% to Rs 10,288.82 crore (accounting for 6.26% of total sales). Sales of LPG segment has gone up 1.42% to Rs
731.87 crore (accounting for 0.45% of total sales). Sales of Natural Gas Trading segment fell
19.89% to Rs 1,27,433.96 crore (accounting for 77.59% of total sales). Sales of Petrochemicals segment has gone up
57.68% to Rs 7,753.41 crore (accounting for 4.72% of total sales). Sales of LPG and Liquid Hydrocarbons segment
has gone down 8.87% to Rs 5,075.83 crore (accounting for 3.09% of total
sales). Sales of City Gas Distribution
segment has gone up 5.01% to Rs 11,851.69 crore (accounting for 7.22% of total
sales). Sales of Others segment has gone
down 9.17% to Rs 1,102.25 crore (accounting for 0.67% of total sales). Inter-segment sales came down from Rs
43,564.77 crore to Rs 30,739.21 crore.
Profit before interest, tax and other
unallocable items (PBIT) has jumped 92.66% to Rs 12,768.44 crore. PBIT of Natural Gas segment rose 134.94% to
Rs 4,510.11 crore (accounting for 35.32% of total PBIT). PBIT of LPG segment fell 14.00% to Rs 317.06
crore (accounting for 2.48% of total PBIT).
PBIT of Natural Gas Trading segment rose 91.00% to Rs 6,166.76 crore
(accounting for 48.30% of total PBIT).
PBIT of Petrochemicals reported profit of Rs 125.45 crore compared to
loss of Rs 1,060.85 crore. PBIT of LPG
and Liquid Hydrocarbons segment fell 37.36% to Rs 769.53 crore (accounting for
6.03% of total PBIT). PBIT of City Gas
Distribution segment rose 30.63% to Rs 560.65 crore (accounting for 4.39% of
total PBIT). PBIT of Others segment fell
37.93% to Rs 318.88 crore (accounting for 2.50% of total PBIT).
PBIT margin of Natural Gas segment rose from
28.82% to 43.84%. PBIT margin of LPG
segment fell from 51.09% to 43.32%. PBIT
margin of Natural Gas Trading segment rose from 2.03% to 4.84%. PBIT margin of Petrochemicals segment rose
from negative 21.57% to 1.62%. PBIT
margin of LPG and Liquid Hydrocarbons segment fell from 22.05% to 15.16%. PBIT margin of City Gas Distribution segment
rose from 3.80% to 4.73%. PBIT margin of
Others segment fell from 42.33% to 28.93%.
Overall PBIT margin rose from 3.50% to 7.77%.
Operating profit margin has jumped from 5.14%
to 10.73%, leading to 90.97% rise in operating profit to Rs 14,296.32
crore. Raw material cost as a % of total
sales (net of stock adjustments) increased from 4.65% to 5.50%. Purchase of finished goods cost fell from
83.95% to 75.54%. Employee cost
increased from 1.25% to 1.71%. Other
expenses rose from 5.08% to 6.53%.
Other income fell 24.14% to Rs 1007.81
crore. PBIDT rose 73.62% to Rs 15304.13
crore. Provision for interest rose 97.16%
to Rs 719.2 crore. Loan funds rose to Rs
21,793.77 crore as of 31 March 2024 from Rs 17,816.18 crore as of 31 March
2023. Inventories rose to Rs 5,970.00
crore as of 31 March 2024 from Rs 5,917.92 crore as of 31 March 2023. Sundry debtors were lower at Rs 9,580.27
crore as of 31 March 2024 compared to Rs 10,679.61 crore as of 31 March
2023. Cash and bank balance rose to Rs
1,712.13 crore as of 31 March 2024 from Rs 1,102.97 crore as of 31 March 2023. Investments rose to Rs 21,910.04 crore as of 31
March 2024 from Rs 17,248.32 crore as of 31 March 2023 .
PBDT rose 72.60% to Rs 14584.93 crore. Provision for depreciation rose 35.92% to Rs
3672 crore. Fixed assets increased to Rs
75,679.93 crore as of 31 March 2024 from Rs 63,487.08 crore as of 31 March
2023. Intangible assets increased from
Rs 2,856.29 crore to Rs 3,135.35 crore.
Profit before tax grew 89.85% to Rs 10,912.93
crore. Share of profit/loss was 11.54%
higher at Rs 1682.08 crore. Provision
for tax was expense of Rs 2692.2 crore, compared to Rs 1660.49 crore. Effective tax rate was 21.38% compared to
22.88%.
Net profit attributable to owners of the
company increased 76.27% to Rs 9,899.22 crore.
Equity capital stood at Rs 6,575.10 crore as
of 31 March 2024 to Rs 6,575.10 crore as of 31 March 2023. Per share face Value remained same at Rs
10.00.
Promoters’ stake was 51.52% as of 31 March
2024 ,compared to 51.52% as of 31 March 2023 .
Cash flow from operating activities increased
to Rs 12,585.72 crore for year ended March 2024 from Rs 3,204.69 crore for year
ended March 2023. Cash flow used in
acquiring fixed assets during the year ended March 2024 stood at Rs 12,501.17
crore, compared to Rs 8,830.56 crore during the year ended March 2023.
The scrip is currently trading at Rs 243
|
GAIL (India) : Consolidated Results
|
|
Particulars
|
2406 (03)
|
2306 (03)
|
Var.(%)
|
2403 (12)
|
2303 (12)
|
Var.(%)
|
|
Net Sales
|
34,737.77
|
32,788.63
|
6
|
1,33,228.46
|
1,45,668.30
|
-9
|
|
OPM (%)
|
13.8
|
8.1
|
|
10.7
|
5.1
|
|
|
OP
|
4,790.02
|
2,660.21
|
80
|
14,296.32
|
7,486.20
|
91
|
|
Other Inc.
|
220.55
|
152.01
|
45
|
1,007.81
|
1,328.47
|
-24
|
|
PBIDT
|
5,010.57
|
2,812.22
|
78
|
15,304.13
|
8,814.67
|
74
|
|
Interest
|
208.76
|
185.03
|
13
|
719.2
|
364.78
|
97
|
|
PBDT
|
4,801.81
|
2,627.19
|
83
|
14,584.93
|
8,449.89
|
73
|
|
Depreciation
|
1152.19
|
721.65
|
60
|
3672
|
2701.57
|
36
|
|
PBT
|
3,649.62
|
1,905.54
|
92
|
10912.93
|
5748.32
|
90
|
|
Share of
Profit/(Loss) from Associates
|
464.2
|
376.97
|
23
|
1682.08
|
1508.06
|
12
|
|
PBT before EO
|
4113.82
|
2282.51
|
80
|
12595.01
|
7256.38
|
74
|
|
EO Income
|
0
|
0
|
-
|
0
|
0
|
-
|
|
PBT after EO
|
4113.82
|
2282.51
|
80
|
12595.01
|
7256.38
|
74
|
|
Taxation
|
930.47
|
489.52
|
90
|
2692.2
|
1660.49
|
62
|
|
PAT
|
3183.35
|
1792.99
|
78
|
9902.81
|
5595.89
|
77
|
|
Minority
Interest (MI)
|
0.42
|
1.14
|
-63
|
3.59
|
-20.11
|
PL
|
|
Net profit
|
3182.93
|
1791.85
|
78
|
9899.22
|
5616
|
76
|
|
EPS (Rs)*
|
#
|
#
|
|
15.1
|
8.5
|
|
|
Notes
|
|
* EPS is on
current equity of Rs 6,575.10 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
|
|
GAIL (India) : Consolidated Segment Results
|
|
|
% of (Total)
|
2406 (03)
|
2306 (03)
|
Var.(%)
|
% of (Total)
|
2403 (12)
|
2303 (12)
|
Var.(%)
|
|
Sales
|
|
Natural Gas
|
7
|
2,864.03
|
2,594.03
|
10
|
6
|
10,288.82
|
6,661.07
|
54
|
|
LPG
|
0
|
179.8
|
177.57
|
1
|
0
|
731.87
|
721.62
|
1
|
|
Natural Gas
Trading
|
78
|
33,119.88
|
31,954.72
|
4
|
78
|
1,27,433.96
|
1,59,067.91
|
-20
|
|
Petrochemicals
|
4
|
1,631.49
|
1,703.63
|
-4
|
5
|
7,753.41
|
4,917.26
|
58
|
|
LPG and Liquid
Hydrocarbons
|
3
|
1,170.56
|
1,319.02
|
-11
|
3
|
5,075.83
|
5,569.97
|
-9
|
|
City Gas
Distribution
|
8
|
3,229.22
|
2,403.83
|
34
|
7
|
11,851.69
|
11,286.69
|
5
|
|
Others
|
1
|
282.04
|
0
|
-
|
1
|
1,102.25
|
1,213.56
|
-9
|
|
Total Reported
Sales
|
100
|
42,477.02
|
40,152.80
|
6
|
100
|
1,64,237.83
|
1,89,438.08
|
-13
|
|
Less: Inter
segment revenues
|
|
7,655.20
|
7,565.60
|
1
|
|
30,739.21
|
43,564.77
|
-29
|
|
Net Sales
|
|
34,821.82
|
32,587.20
|
7
|
|
1,33,498.62
|
1,45,873.31
|
-8
|
|
PBIT
|
|
Natural Gas
|
35
|
1,446.87
|
1,024.61
|
41
|
35
|
4,510.11
|
1,919.69
|
135
|
|
LPG
|
2
|
80.75
|
80.18
|
1
|
2
|
317.06
|
368.69
|
-14
|
|
Natural Gas
Trading
|
50
|
2,036.13
|
1,046.20
|
95
|
48
|
6,166.76
|
3,228.59
|
91
|
|
Petrochemicals
|
-1
|
-49.31
|
-301.75
|
84
|
1
|
125.45
|
-1,060.85
|
LP
|
|
LPG and Liquid
Hydrocarbons
|
6
|
229.85
|
202.1
|
14
|
6
|
769.53
|
1,228.43
|
-37
|
|
City Gas
Distribution
|
5
|
188.45
|
133.62
|
41
|
4
|
560.65
|
429.19
|
31
|
|
Others
|
4
|
155.51
|
142.58
|
9
|
3
|
318.88
|
513.72
|
-38
|
|
Total PBIT
|
100
|
4,088.25
|
2,327.54
|
76
|
100
|
12,768.44
|
6,627.46
|
93
|
|
Less : Interest
|
|
208.76
|
185.36
|
13
|
|
719.2
|
366.58
|
96
|
|
Add: Other
un-allcoable
|
|
234.33
|
140.33
|
67
|
|
545.77
|
995.5
|
-45
|
|
PBT
|
|
4,113.82
|
2,282.51
|
80
|
|
12,595.01
|
7,256.38
|
74
|
|