Indraprastha Gas Q4 Review - Risk-Reward Fairly Priced: Centrum Broking

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..Centrum Broking Report.Indraprastha Gas Ltd. posted recurring Ebitda/profit after tax of Rs 4.9/3.3 billion, below our estimates of Rs 5.1/3.6 billion, with stronger volumes offset by weaker than expected margins. Higher capex drove up depreciation costs to Rs 761 million (up 16% YoY).Other income dropped 10% YoY to Rs 280 million, driven by lower dividend income from associate companies Maharashtra Natural Gas Ltd./Central UP Gas Ltd. FY21 Ebitda/profit after tax of Rs 14.8 billion/10 billion declined 2/11.5%. Volumes continue to recover gradually and margins are also very strong versus historical levels, implying earnings should remain strong over F21-23E for the company, with added support to overall group earnings via Maharashtra Natural Gas/Central UP Gas profitability..Click on the attachment to read the full report:.DISCLAIMERThis 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.

Indraprastha Gas Q4 Review - Risk-Reward Fairly Priced: Centrum Broking

Indraprastha Gas Q4 Review - Risk-Reward Fairly Priced: Centrum Broking

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