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Indraprastha Gas
Tracked by: 0 Boarder
There has been change of gaurd at IGL, ie Vedvayas has taken over as MD, IGL from OmPrakash. I hope he pursues expansion policy with much more vigour. There is tremendous scope of expanding CNG/PNG network in NCR and ready market is available. I am very sure that the co like IGL can increase its top and bottom line by almost 50% for coming years...
In reply to:
Results
Posted by :
tally
Dear vishnu, Igl has come out with good set of results, but it could have done better with aggressive marketing and expansion plans. RBI has hiked Repo rate and CRR implying interest rate hike from banks. The interest rate hike will have no effect on IGL asit is casg rich and debt free co. As amatter of fact it may gain on its invetments. D-6 fields are expected to commence commercial production of natural gas withen next one month or so, which will result in enhanced gas availability. I am hopefull that IGL will benfit from all these developments. This stock should sell at PE of not less than 15 and therefore should command a maket price of Rs190 on trailing PE and Rs225 on forward EPS of Rs15 for FY 08-09. 
Results
Posted by : tallyTracked by: 0 Boarder
Dear vishnu, Igl has come out with good set of results, but it could have done better with aggressive marketing and expansion plans. RBI has hiked Repo rate and CRR implying interest rate hike from banks. The interest rate hike will have no effect on IGL asit is casg rich and debt free co. As amatter of fact it may gain on its invetments. D-6 fields are expected to commence commercial production of natural gas withen next one month or so, which will result in enhanced gas availability. I am hopefull that IGL will benfit from all these developments. This stock should sell at PE of not less than 15 and therefore should command a maket price of Rs190 on trailing PE and Rs225 on forward EPS of Rs15 for FY 08-09....
In reply to:
Results
Posted by :
vishnu 81
IGL reported excellent Q1FY09 results.
Net sales Q1FY09 were at Rs.1.9 bn up by 17.9%.
During the q1FYo9 ,IGl sold 104 mn kg of CNG as against 88.9 mn kg of CNG in the same period last year registering of YOY growth of 17%.
In Q1FY09 operational profit grew by 9.9% on YOY basis to Rs.755 mn. The company recorded lower EBIDTA margin 39.6%.
The other expenditure as a percentage of revenue incrreased from 12.5% in Q1FY08 to13.3% inQ1FY09.
PBT for Q1FY 09 was at Rs654 mn up 14.5% on YOY basis.
PAT for Q1FY09 was at Rs, 437 mn up 13.7%on YOY basis.
Q1 09 Q1 08 YoY(%)
Net sales 1907 1618 17.9
raw material 844 693 21.8
staff cost 54 36 50.0
Other exp 254 202 26.2
Total exp 1152 930 23.8
EBIDTA 755 687 9.9
Other income 63 40 56.5
Depriciation 164 156 5.1
EBIT 654 571 14.5.
PBT 654 571 14.5
TAX&DEF TAX 218 187 16.2
PAT 437 384 13.7
PERFORMANCE VOLUME AS WELL AS VALUE(mn)
Q109 Rs Q108 RS yoy(%)
CNG 104 88.9 17.O
CNG 1948.3 1690.4 15.3
PNG(mn scm) 11.6 9.6 20.8
PNG 206.8 168.4 22.7
Vast potential demand of CNG AND PNG IN NCT of Delhi, the company is also booking to expand its business inNCR cities of Noida,Greater Noida, Ghaziabad,Sonepat &panipet.(source from company)
BSE Announcements on IndraprasthaGas
Posted by : MMB MessengerTracked by: 0 Boarder
Indraprastha Gas Ltd has informed BSE that the 9th Annual General Meeting (AGM) of the members of the Company was held on July 22, 2008....
Results
Posted by : vishnu 81Tracked by: 0 Boarder
IGL reported excellent Q1FY09 results.
Net sales Q1FY09 were at Rs.1.9 bn up by 17.9%.
During the q1FYo9 ,IGl sold 104 mn kg of CNG as against 88.9 mn kg of CNG in the same period last year registering of YOY growth of 17%.
In Q1FY09 operational profit grew by 9.9% on YOY basis to Rs.755 mn. The company recorded lower EBIDTA margin 39.6%.
The other expenditure as a percentage of revenue incrreased from 12.5% in Q1FY08 to13.3% inQ1FY09.
PBT for Q1FY 09 was at Rs654 mn up 14.5% on YOY basis.
PAT for Q1FY09 was at Rs, 437 mn up 13.7%on YOY basis.
Q1 09 Q1 08 YoY(%)
Net sales 1907 1618 17.9
raw material 844 693 21.8
staff cost 54 36 50.0
Other exp 254 202 26.2
Total exp 1152 930 23.8
EBIDTA 755 687 9.9
Other income 63 40 56.5
Depriciation 164 156 5.1
EBIT 654 571 14.5.
PBT 654 571 14.5
TAX&DEF TAX 218 187 16.2
PAT 437 384 13.7
PERFORMANCE VOLUME AS WELL AS VALUE(mn)
Q109 Rs Q108 RS yoy(%)
CNG 104 88.9 17.O
CNG 1948.3 1690.4 15.3
PNG(mn scm) 11.6 9.6 20.8
PNG 206.8 168.4 22.7
Vast potential demand of CNG AND PNG IN NCT of Delhi, the company is also booking to expand its business inNCR cities of Noida,Greater Noida, Ghaziabad,Sonepat &panipet.(source from company) ...
NSE Announcements on IndraprasthaGas
Posted by : MMB MessengerTracked by: 0 Boarder
Indraprastha Gas Limited has submitted to the Exchange a copy of the agenda items approved in the Annual General Meeting held on July 22, 2008. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). ...
Indraprastha Gas
Posted by : tallyTracked by: 0 Boarder
IGL HAS VERY GOOD SCOPE FOR HIGHER GROWTH. It has announced expansion plan in the NCR as a joint venture with Citi Energy Ltd. It has already received clearance from Haryana Govt for setting up CNG stations in Panipet & Sonipet. The draw back is its being A PSU, slow in planning and execution of projects. It must wake up and fully exploit the opportunity for the benfit of all stake holders. It is acash rich co and ready market for its product like CNG/PNG. The stock may be purchased by long term investors at CMP....
In reply to:
Indraprastha Gas
Posted by : zoombusiness
Indraprastha Gas has reported a net sales of Rs. 190.73 crore for quarter ended June 30, 2008 as against Rs 161.75 crore for the same quarter a year ago and net profit of Rs 43.68 crore for the quarter ended June 30, 2008 as against Rs. 38.42 crore last year. et-
Indraprastha Gas
Posted by : zoombusinessTracked by: 0 Boarder
Indraprastha Gas has reported a net sales of Rs. 190.73 crore for quarter ended June 30, 2008 as against Rs 161.75 crore for the same quarter a year ago and net profit of Rs 43.68 crore for the quarter ended June 30, 2008 as against Rs. 38.42 crore last year. et-
...
NSE Announcements on IndraprasthaGas
Posted by : MMB MessengerTracked by: 0 Boarder
Indraprastha Gas Limited has informed the Exchange regarding the standalone Results for the quarter ended on 30-JUN-2008 as follows: Net Sales of Rs. 19073.46 lacs for quarter ending on 30-JUN-2008 against Rs. 16175.25 lacs for the quarter ending on 30-JUN-2007. Net Profit / (Loss) of Rs. 4368.19 lacs for the quarter ending on 30-JUN-2008 against Rs. 3842.06 lacs for the quarter ending on 30-JUN-2007....
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