HPCL: Profits up on greater volume - Views on News from Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks


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

HPCL: Profits up on greater volume

May 30, 2000

HPCL has reported a topline growth of 41%. Its operating profit is up 5% while net profit is up 17%. This increase in net profit maybe due to the increase in sales and decline in tax liability by 43%.

(Rs m) FY99 FY00 Change
Sales 239,640 338,309 41.2%
Other Income 2,800 1,281 -54.3%
Expenditure 224,400 322,311 43.6%
Operating Profit (EBDIT) 15,240 15,998 5.0%
Operating Profit Margin (%) 6.4% 4.7%  
Interest 1,189 1,504 26.5%
Depreciation 4,046 3,039 -24.9%
Profit before Tax 12,806 12,736 -0.5%
Tax 3,793 2,162 -43.0%
Profit after Tax/(Loss) 9,013 10,574 17.3%
Net profit margin (%) 3.8% 3.1%  
Fully diluted Earnings per share 26.56 31.16  

Although, the profits are up the margin have declined marginally, operating profit and net profit margins are down from 6% to 5% and 4% to 3% respectively. This squeeze on margins is not unique to HPCL as the industry has been adversely affected by increase in crude prices.

The current P/E multiple of HPCL is 5, which is substantially lower than its three year average of 14.

Equitymaster requests your view! Post a comment on " HPCL: Profits up on greater volume". Click here!


More Views on News

HPCL Announces Quarterly Results (3QFY20); Net Profit Up 201.8% (Quarterly Result Update)

Feb 7, 2020 | Updated on Feb 7, 2020

For the quarter ended December 2019, HPCL has posted a net profit of Rs 7 bn (up 201.8% YoY). Sales on the other hand came in at Rs 746 bn (down 3.4% YoY). Read on for a complete analysis of HPCL's quarterly results.

HPCL Announces Quarterly Results (2QFY20); Net Profit Down 3.6% (Quarterly Result Update)

Nov 12, 2019 | Updated on Nov 12, 2019

For the quarter ended September 2019, HPCL has posted a net profit of Rs 11 bn (down 3.6% YoY). Sales on the other hand came in at Rs 665 bn (down 9.4% YoY). Read on for a complete analysis of HPCL's quarterly results.

HPCL 2018-19 Annual Report Analysis (Annual Result Update)

Jul 30, 2019 | Updated on Jul 30, 2019

Here's an analysis of the annual report of HPCL for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of HPCL. Also includes updates on the valuation of HPCL.

More Views on News

Most Popular

Why We Picked This Small-cap Stock for Our Hidden Treasure Subscribers (Profit Hunter)

Sep 17, 2020

This leading household brand will profit big time in a post covid world.

My Top Stock to Buy in this Market Selloff (Profit Hunter)

Sep 22, 2020

The recent correction offers a great opportunity to buy this high conviction smallcap stock.

What Do the Charts Say About Buying Smallcaps Now? (Fast Profits Daily)

Sep 18, 2020

Everyone seems to be excited about buying smallcaps now...but is it the right thing to do? What do the charts tell us? Find out in this video...

How Much Money Do You Need to Be a Professional Trader? (Fast Profits Daily)

Sep 17, 2020

In this video I'll answer a question I get asked often: How much capital do I really need to trade the markets for a living? Let's find out...


Covid-19 Proof
Multibagger Stocks

Covid19 Proof Multibaggers
Get this special report, authored by Equitymaster's top analysts now!
We will never sell or rent your email id.
Please read our Terms


Sep 25, 2020 (Close)