GUJ. STATE PETRONET Announces Quarterly Results (1QFY20); Net Profit Up 42.7%

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GUJ. STATE PETRONET Announces Quarterly Results (1QFY20); Net Profit Up 42.7%
Mon, 5 Aug

GUJ. STATE PETRONET has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

GUJ. STATE PETRONET Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m3,9124,3395,12618.1%31.0%
Other incomeRs m557977-3.2%40.2%
TurnoverRs m3,9674,4185,20317.8%31.1%
ExpensesRs m4741,0461,1065.7%133.3%
Gross profitRs m3,4383,2934,02022.1%16.9%
DepreciationRs m4484754892.8%9.1%
InterestRs m579505479-5.1%-17.3%
Profit before taxRs m2,4662,3923,12930.8%26.9%
TaxRs m1,0218591,06824.4%4.6%
Profit after taxRs m1,4451,5332,06134.4%42.7%
Gross profit margin%87.975.978.4
Effective tax rate%41.435.934.1
Net profit margin%36.434.739.6
* 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 grew 31.0% on a year-on-year (YoY) basis. The expenses were up by 133.3% YoY during the same period.
  • The company's operating profit increased by 16.9% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 78.4% in 1QFY20 as against 87.9% in 1QFY19.
  • Depreciation charges increased by 9.1% and finance costs declined by 17.3% YoY, respectively.
  • Other income increased by 40.2% YoY during the quarter.
  • Net profit for the quarter increased by 42.7% YoY. Net profit margins during the quarter increased from 36.4% in 1QFY19 to 39.6% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 18.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 5.7% QoQ during the same period.
  • The company's operating profit increased by 22.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 78.4% in 1QFY20 as against 75.9% in 4QFY19.
  • Net profit for the quarter increased by 34.4% QoQ, while net profit margins increased from 34.7% in 4QFY19 to 39.6% in 1QFY20.

To see how GUJ. STATE PETRONET has performed over the last eight quarters,please visit here.

GUJ. STATE PETRONET Share Price Performance

Over the last one year,GUJ. STATE PETRONET share price has moved up from Rs 199.6 to Rs 211.1, registering a Gain of Rs 11.6 or around 5.8%.

Meanwhile, the S&P BSE OIL & GAS Index is trading at Rs 12,775.6 (down 2.2%). Over the last one year it has moved down from 15,206.2 to 12,775.6, a gain of 2,431 points (down 16.0%).

Overall, the S&P BSE SENSEX is down 1.8% over the year.

Current Valuations

At the current price of Rs 211.1, the price to earnings (P/E) ratio of GUJ. STATE PETRONET stands at 13.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.3 times.

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GUJ. STATE PETRONET Announces Quarterly Results (4QFY19); Net Profit Down 2.6% (Quarterly Result Update)

May 10, 2019 | Updated on May 10, 2019

For the quarter ended March 2019, GUJ. STATE PETRONET has posted a net profit of Rs 2 bn (down 2.6% YoY). Sales on the other hand came in at Rs 4 bn (up 23.8% YoY). Read on for a complete analysis of GUJ. STATE PETRONET's quarterly results.

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