BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Nirmal Bang Report
Indraprastha Gas Ltd. reported consolidated Q4 FY21 profit after tax at Rs 3.75 billion, up 29% YoY and was 2.45%/2.9% beat versus our/street estimate.
Revenue was a tad lower at Rs 15.5 billion versus our estimate of Rs 15.57 billion.
Total gas volume at 614 million standard cubic meter was just 0.5% below our estimate.
Gross/Ebitda margin beat our estimates by 36 basis points/157 basis points as gas cost/operating expenditure came in below our estimates.
Compressed natural gas volume was down 2.6% while piped natural gas volume was up 5.2% versus our estimates.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.