Indraprastha Gas Limited IGL Q4 Result, declared dividend of RS 2.50 per Equity share

Indraprastha Gas Limited Q4 Result, declared dividend of RS 2.50 per Equity share

 

 

During Q4 of FY19, CNG sales volume has increased by 15% and PNG sales volumes increased by 20% over Q4 of FY18. On an overall basis there is 17% increase in sales volume during this quarter over corresponding quarter of FY18.

Total gross sales value during this quarter is Rs. 1694 crores registering a growth of 27% over sales turnover of Rs. 1329 crores shown in Q4 of FY18. Product wise, CNG recorded sales of Rs. 1263 crores, registering a growth of 26% and PNG recorded sales of Rs. 431 crores registering a growth of 33% over previous year.

Total comprehensive income for this quarter is Rs. 225 crores against total comprehensive income of Rs. 175 crores of Q4 of FY18 showing a growth of 29% over last year which is higher in current quarter compared to same quarter last year in view of higher sales volume and higher other income over Q4 of FY 2017-18.





Increase in operating expenses during the quarter is mainly due to the following:
i) Increase in repair & maintenance cost.
ii) Increase in power & fuel expenses due to increase in sales volume of CNG.
The earning per share has been Rs. 3.22 per share during this quarter against Rs. 2.50 per share in Q4 of FY18.

 

During FY19, sales volume increased from 1891 million scm in FY 18 to 2155 million scm showing a growth of 14% over FY18. CNG sales volume increased by 13% and PNG sales volumes increased by 15% over FY18.

Total gross sales value during FY 19 is Rs. 6337 crores against Rs. 4994 crores achieved during the last year. Product wise, CNG recorded sales turnover of Rs. 4761 crores, registering a growth of 24% and PNG recorded sales turnover of Rs. 1576 crores registering a growth of 35% over previous year.

The company’s Profit aftertax (Total comprehensive income) for the year is Rs. 786 crores against PAT (Total comprehensive income) of Rs. 671 crores of FY18 showing an increase of 17% over last year which is higher in current year in view of higher sales volume and higher other income over FY 2017-18.

Increase in operating expenses during the year is mainly due to the following:
i) Increase in repair & maintenance cost.
ii) Increase in power & fuel expenses due to increase in sales volume of CNG.
The earnings per share has been Rs. 11.24 against Rs. 9.58 per share in the previous year. The board has recommended a final dividend of 120% for the year 2018-19. Capex during FY19 has been Rs. 738 crores and Debts as on 31 st March’ 2019 is nil.

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