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.

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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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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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