IOC: Margins suffer - Views on News from Equitymaster

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

  • MyStocks

MEMBER'S LOGINX

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

IOC: Margins suffer

Nov 4, 2003

Indian Oil Corporation (IOC) has announced its 2QFY04 results recently. While the company has registered a 3% growth in topline, lower realisation on stock of petroleum products has impacted its bottomline, which has dropped by 28%. For 1HFY04, while net sales have grown 7%, net profits have dropped 12%.

Financial performance review...
(Rs m) 2QFY03 2QFY04 Change 1HFY03 1HFY04 Change
Net sales 295,282 303,855 2.9% 578,977 621,843 7.4%
Other Income 6,116 4,799 -21.5% 8,177 6,997 -14.4%
Expenditure 256,333 280,268 9.3% 526,384 581,456 10.5%
Operating Profit (EBDIT) 38,949 23,588 -39.4% 52,594 40,387 -23.2%
Operating Profit Margin (%) 13.2% 7.8%   9.1% 6.5%  
Interest 2,395 847 -64.6% 4,595 1,996 -56.6%
Depreciation 3,616 4,595 27.1% 7,581 9,147 20.6%
Profit before Tax 39,054 22,945 -41.2% 48,594 36,241 -25.4%
Tax 13,917 4,878 -65.0% 17,207 8,727 -49.3%
Profit after Tax/(Loss) 25,137 18,068 -28.1% 31,387 27,514 -12.3%
Net profit margin (%) 8.5% 5.9%   5.4% 4.4%  
No. of Shares 778.7 1,168.0   778.7 1,168.0  
Diluted Earnings per share* 86.1 61.9   53.7 47.1  
P/E Ratio   5.6     7.4  
(*annualised)            

To Read the Full Story, Subscribe or Sign In
To Read the Full Story, Subscribe or Sign In


India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

IOC SHARE PRICE


Apr 13, 2021 03:38 PM

TRACK IOC

IOC - CHINA PETRO. COMPARISON

COMPARE IOC WITH

MARKET STATS