X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2018 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
HPCL: Bottomline up 13-fold on subsidy relief - Views on News from Equitymaster
StockSelect
  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

HPCL: Bottomline up 13-fold on subsidy relief
Feb 11, 2012

Hindustan Petroleum Corporation Ltd (HPCL) has announced the third quarter results for financial year 2011-2012 (3QFY12). The company has reported a 41.1% year on year (YoY) growth in sales and a thirteen fold increase in the bottomline on a YoY basis. Here is our analysis of the results.

Performance summary
  • For the quarter, sales were up 41.1% YoY. For the first none months, topline registered a growth of 33.8% YoY.
  • The operating profits for the quarter were up 4.7 times (YoY), with margins at 7.7% (up from 2.3% in 3QFY11). For the first nine months, the company booked losses on account of high losses on the sale of petroleum products.
  • The net profits for the quarter registered a thirteen fold increase (YoY) during the quarter. The net profit margins for the quarter stood at 5.7% (versus 0.6% during 3QFY11). For the first nine months, the company booked losses at the bottomline level.
  • During the quarter, the company acquired 50% stake in Prize Petroleum Company Ltd, converting it from a JV (Joint Venture) company into a 100% subsidiary.
    Standalone financial snapshot
    (Rs m) 3QFY11 3QFY12 Change 9MFY11 9MFY12 Change
    Net sales 340,560 480,475 41.1% 942,277 1,260,686 33.8%
    Expenditure 332,758 443,449 33.3% 924,985 1,273,626 37.7%
    Operating profit (EBDITA) 7,802 37,026 374.6% 17,293 -12,940 -174.8%
    EBDITA margin (%) 2.3% 7.7%   1.8% -1.0%  
    Other income 1,449 1,575 8.7% 5,315 5,203 -2.1%
    Interest 2,417 6,982 188.9% 6,585 17,067 159.2%
    Depreciation 3,647 4,368 19.8% 10,054 12,403 23.4%
    Profit before tax before exceptional items 3,188 27,252 754.9% 5,968 -37,207 -723.4%
    Exceptional items 0 0 na 16 -12  
    Profit before tax bfrom Ordinary activities 3,188 27,252   5,953 -37,195  
    Profit before tax margin (%) 0.9% 5.7%   0.6% -3.0%  
    Tax 1,078 0 -100.0% 1,789 1 -100.0%
    Profit after tax/(loss) 2,110 27,252 1191.4% 4,163 -37,196 nm
    Net profit margin (%) 0.6% 5.7%   0.4% -3.0%  
    No. of shares (m)         339  
    Diluted earnings per share (Rs)*         nm  
    P/E ratio(x)*         nm  
    *On the basis of trailing 12 months earnings

To Read the Full Story, Subscribe or Sign In


Small Investments
BIG Returns

Zero To Millions Guide 2018
Get our special report, Zero To Millions
(2018 Edition) Now!
We will never sell or rent your email id.
Please read our Terms

HPCL SHARE PRICE


Feb 20, 2018 (Close)

TRACK HPCL

HPCL - CHINA PETRO. COMPARISON

COMPARE HPCL WITH

MARKET STATS