Gulf Oil registers jump in margins - Views on News from Equitymaster

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Gulf Oil registers jump in margins

Oct 21, 1999

The company has recorded a 70 basis points jump in margins. This has been achieved mainly due to lower costs, which led to better operating margins. The marginal increase in interest expenditure and the decline in corporate tax also helped achieve better margins.

(Rs m) 2QFY2000 2QFY1999 Change
Net Sales 675 670 0.8%
Other Income 2 1 47.3%
Expenditure 609 608 0.1%
Interest 17 17 1.0%
Depreciation 7 6 2.0%
Profit before Tax 44 40 11.6%
Tax 1 2 -17.6%
Profit after Tax 43 38 12.9%
Net profit margin 6.4% 5.7%  

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