GULF OIL CORP Announces Quarterly Results (3QFY20); Net Profit Up 96.1%

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GULF OIL CORP Announces Quarterly Results (3QFY20); Net Profit Up 96.1%
Fri, 31 Jan

GULF OIL CORP has announced its results for the quarter ended December 2019. Here is a detailed performance review of the same:

GULF OIL CORP Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m1,4421,1351,1874.6%-17.7%
Other incomeRs m16158253333.4%56.9%
TurnoverRs m1,6031,1931,44020.7%-10.2%
ExpensesRs m1,3781,1061,1544.3%-16.3%
Gross profitRs m129283319.4%-74.1%
DepreciationRs m1517173.6%15.0%
InterestRs m1022813-54.2%-87.5%
Profit before taxRs m17342256513.7%47.9%
TaxRs m46-98-83.7%
Profit after taxRs m12751249391.2%96.1%
Gross profit margin%9.02.52.8
Effective tax rate%26.8-21.23.0
Net profit margin%7.94.217.3
* 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 17.7% on a year-on-year (YoY) basis. The expenses were down by 16.3% YoY during the same period.
  • The company's operating profit declined by 74.1% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 2.8% in 3QFY20 as against 9.0% in 3QFY19.
  • Depreciation charges increased by 15.0% and finance costs declined by 87.5% YoY, respectively.
  • Other income increased by 56.9% YoY during the quarter.
  • Net profit for the quarter increased by 96.1% YoY. Net profit margins during the quarter increased from 7.9% in 3QFY19 to 17.3% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 4.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 4.3% QoQ during the same period.
  • The company's operating profit increased by 19.4% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 2.8% in 3QFY20 as against 2.5% in 2QFY19.
  • Net profit for the quarter increased by 391.2% QoQ, while net profit margins increased from 4.3% in 2QFY19 to 17.3% in 3QFY20.

To see how GULF OIL CORP has performed over the last eight quarters,please visit here.

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GULF OIL CORP Share Price Performance

Over the last one year,GULF OIL CORP share price has moved up from Rs 238.4 to Rs 291.0, registering a Gain of Rs 52.7 or around 22.1%.

Overall, the S&P BSE SENSEX is up 15.0% over the year.

Current Valuations

At the current price of Rs 291.0, the price to earnings (P/E) ratio of GULF OIL CORP stands at 60.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 6.2 times.

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