Indraprastha Gas Reports Highest Net Sales in Five Quarters Amid Profitability Challenges
Indraprastha Gas has announced its financial results for the quarter ending December 2024, showcasing the highest net sales in five quarters at Rs 3,758.76 crore. However, profitability metrics, including profit before tax and profit after tax, have declined, indicating challenges in maintaining earnings and operating margins.
Indraprastha Gas has recently reported its financial results for the quarter ending December 2024, revealing a complex picture of performance within the gas transmission and marketing industry. The company recorded its highest net sales in the last five quarters, reaching Rs 3,758.76 crore, indicating a positive near-term sales trend. However, this positive aspect is contrasted by significant challenges in profitability metrics.The profit before tax less other income (PBT) has shown a notable decline, landing at Rs 320.07 crore, which is considerably lower than the average of the previous four quarters. Similarly, profit after tax (PAT) has also decreased, reported at Rs 326.55 crore, reflecting a downward trend in profitability. Operating profit has reached its lowest point in the last five quarters at Rs 361.94 crore, with the operating profit margin also declining to 9.63%. Furthermore, earnings per share (EPS) have fallen to Rs 4.67, indicating a reduction in earnings for shareholders.
In light of these developments, Indraprastha Gas has experienced adjustments in its evaluation, with its score reflecting these shifts in assessment.
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