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HPCL: Growing on realisations

Nov 3, 2003

HPCL, the second largest oil refining and marketing company in India, declared around 9% increase in the topline during September quarter. However, bottomline of the company has declined by around 3% YoY. The company's operating profit margins have dipped by around 70 basis, where as the net profit margins were lower by 40 basis points YoY.

(Rs m) 2QFY03 2QFY04 Change 1HFY03 1HFY04 Change
Net sales 121,847 132,281 8.6% 231,329 254,900 10.2%
Other Income 719 628 -12.6% 1,311 1,117 -14.8%
Expenditure 113,722 124,376 9.4% 219,913 243,480 10.7%
Operating Profit (EBDIT) 8,125 7,905 -2.7% 11,416 11,419 0.0%
Operating Profit Margin (%) 6.7% 6.0%   4.9% 4.5%  
Interest 256 127 -50.6% 904 228 -74.8%
Depreciation 1,398 1,496 7.0% 2,769 2,944 6.3%
Profit before Tax 7,190 6,911 -3.9% 9,054 9,365 3.4%
Tax 2,630 2,483 -5.6% 3,328 3,363 1.1%
Profit after Tax/(Loss) 4,560 4,428 -2.9% 5,726 6,001 4.8%
Net profit margin (%) 3.7% 3.3%   2.5% 2.4%  
No. of Shares 338.8 338.8   338.8 338.8  
Diluted Earnings per share* 53.8 52.3   33.8 35.4  
P/E Ratio   6.33     9.34  
*(annualised)            

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Sep 30, 2020 11:33 AM

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