GAIL Ltd reported a 24.33% drop in the Sep-20 quarter consolidated top line sales revenues at Rs13,810cr. The company operates in the gas transportation, gas distribution and gas pipelines maintenance business. While this segment is not cyclical, its fortunes are contingent upon the price of oil and gas in the global markets and that has taken its toll on the total sales of the company during the quarter.
For the Sep-20 quarter, the operating profits dropped by 26.01% at Rs877cr. The operating margin or OPM got impacted very marginally as the revenue base had also shrunk. The operating margin or the OPM shrank very marginally from 6.50% in the Sep-19 quarter to 6.35% in the Sep-20 quarter.
Profit after tax (PAT) for the Sep-20 quarter was down just 8.52% at Rs1,068cr as the tax liability fell by almost one-third on a comparable yoy basis. Considering that the sales base was lower in the Sep-20 quarter, this resulted in PAT margins improving from 6.40% in Sep-19 to 7.73% in Sep-20.
Financial highlights for Sep-20 compared yoy and sequentially
|
|
GAIL Ltd |
|
|
|
|
|
Rs in Crore |
Sep-20 |
Sep-19 |
YOY |
Jun-20 |
QOQ |
|
Revenues |
13,810 |
18,250 |
-24.33% |
12,180.62 |
13.37% |
|
Operating Profit |
877 |
1,186 |
-26.01% |
172.62 |
408.17% |
|
Profit After Tax (PAT) |
1,068 |
1,168 |
-8.52% |
642.97 |
66.13% |
|
|
|
|
|
|
|
|
Diluted EPS (Rs) |
₹ 2.47 |
₹ 2.59 |
|
₹ 1.45 |
|
|
Operating Margin |
6.35% |
6.50% |
|
1.42% |
|
|
PAT Margins |
7.73% |
6.40% |
|
5.28% |
|
Related Tags: