ANDHRA PETRO Announces Quarterly Results (2QFY20); Net Profit Down 23.4%

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ANDHRA PETRO Announces Quarterly Results (2QFY20); Net Profit Down 23.4%
Mon, 11 Nov

ANDHRA PETRO has announced its results for the quarter ended September 2019. Here is a detailed performance review of the same:

ANDHRA PETRO Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m1,7061,4431,289-10.6%-24.4%
Other incomeRs m677-0.4%30.4%
TurnoverRs m1,7111,4501,297-10.6%-24.2%
ExpensesRs m1,4431,1991,090-9.1%-24.5%
Gross profitRs m263243200-17.9%-24.1%
DepreciationRs m26333610.9%38.1%
InterestRs m1554-14.3%-72.5%
Profit before taxRs m227213167-21.8%-26.6%
TaxRs m827455-25.7%-32.4%
Profit after taxRs m145139111-19.6%-23.4%
Gross profit margin%15.416.915.5
Effective tax rate%36.035.033.2
Net profit margin%8.59.68.6
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter fell 24.4% on a year-on-year (YoY) basis. The expenses were down by 24.5% YoY during the same period.
  • The company's operating profit declined by 24.1% YoY during the quarter. Consequently, operating profit margins remained same and stood at 15.5% in 2QFY20.
  • Depreciation charges increased by 38.1% and finance costs declined by 72.5% YoY, respectively.
  • Other income increased by 30.4% YoY during the quarter.
  • Net profit for the quarter declined by 23.4% YoY. Net profit margins during the quarter increased from 8.5% in 2QFY19 to 8.6% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 10.6% on a quarter-on-quarter (QoQ) basis. The expenses were down by 9.1% QoQ during the same period.
  • The company's operating profit declined by 17.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 15.5% in 2QFY20 as against 16.9% in 1QFY19.
  • Net profit for the quarter declined by 19.6% QoQ, while net profit margins declined from 9.6% in 1QFY19 to 8.6% in 2QFY20.

To see how ANDHRA PETRO has performed over the last eight quarters,please visit here.

ANDHRA PETRO Share Price Performance

Over the last one year,ANDHRA PETRO share price has moved down from Rs 66.2 to Rs 37.7, registering a Loss of Rs 28.5 or around 43.0%.

Overall, the S&P BSE SENSEX is up 14.3% over the year.

Current Valuations

At the current price of Rs 37.7, the price to earnings (P/E) ratio of ANDHRA PETRO stands at 6.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.4 times.

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ANDHRA PETRO 2020-21 Annual Report Analysis (Annual Result Update)

Oct 27, 2021 | Updated on Oct 27, 2021

Here's an analysis of the annual report of ANDHRA PETRO for 2020-21. It includes a full income statement, balance sheet and cash flow analysis of ANDHRA PETRO. Also includes updates on the valuation of ANDHRA PETRO.

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