Gujarat Gas Q4FY21 Result Analysis | Yadnya Investment Academy

Q4FY21 Results:

• The Consolidated revenue of the business in the quarter ended 31^st March 2021 is Rs. 3,489 Cr. against Rs. 2,722 Cr. in the quarter ended 31^st March 2020, up by 28.2% YoY. While quarter-on-quarter, the revenue from operations of the company has increased by 21% from Rs. 2,886 Cr. in Q3FY20.
• Operating Profit of the company went up by 30% in the last quarter of Financial Year 2021 to Rs. 554 Cr. against Rs. 427 Cr. in Q4FY20. The Operating Profit in Q3FY21 is Rs. 615 Cr., down by 10% QoQ.
• The Operating Profit Margin (OPM) of the company stood at 15.8% up by 10 bps YoY from 15.7% in Q4FY20. Quarterly, the OPM has gone down by 5.5% from 21.3% in the December Quarter of FY21.
• Gujarat Gas reported a great growth in its Profit Before Tax (PBT) of 45.6% YoY from Rs. 322 Cr. in Q4FY20 to Rs. 469 Cr. in Q4FY21. While, QoQ, the PBT of the company has gone down by 10.5% from Rs. 524 Cr. in Q3FY21.
• The Consolidated Net Profit of the company stood at Rs. 351 Cr. in the last quarter of FY21 which grew by a significant 40.4% from Rs. 250 Cr. in Q4FY20. The Net Profit has shown de-growth on QoQ manner of 10.5% from Rs. 392 Cr. in Q3FY21.
• In Q4FY21, the company has reported growth in its Net Profit Margin by 80 bps from 9.2 in March Quarter of FY20 to 10% in March 2021. Net Profit Margin has gone down by 3.6% from December Quarter.

Gujarat Gas- Q4FY21 Results

FY21 Performance:

• On a Whole Year Basis, the Consolidated Revenue of Gujarat Gas has decreased by 4.6% YoY from Rs. 10,526 Cr. in FY20 to Rs. 10,042 Cr. in FY21.
• While the company has reported negative growth in its revenue, the operating profit of the company has shot up by 27.8% from Rs. 1,634 Cr. in FY20 to Rs. 2,088 Cr. in the FY21.
• With the growth in the operating profit of the company, the operating profit margin (OPM) of the company has also increased by 530 bps or 5.3% YoY from 15.5% in FY20 to 20.8% in FY21.
• Further, the Profit Before Tax (PBT) of the company in the year ended 31^st March 2020 was Rs. 1,208 Cr. which has now grown to Rs. 1,707 Cr. in the year ended 31^st March 2021, amounting to the growth of 41.3% YoY.
• Lastly, the net profit of the company stood at Rs. 1,278 Cr. in FY21 up by 6.6% from Rs. 1,199 Cr. in FY20.
• The Net Profit Margin of the company is 12.7% in FY21.

Gujarat Gas- FY21 Performance

Dividend:

The Board recommended a dividend of Rs. 2 per share for the financial year 2020-21.