GUJ. STATE PETRONET Announces Quarterly Results (2QFY20); Net Profit Up 40.7%

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GUJ. STATE PETRONET Announces Quarterly Results (2QFY20); Net Profit Up 40.7%
Tue, 12 Nov

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

GUJ. STATE PETRONET Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m5,9835,1266,35624.0%6.2%
Other incomeRs m38477454493.0%18.3%
TurnoverRs m6,3675,2036,81030.9%7.0%
ExpensesRs m8211,1061,98579.5%141.9%
Gross profitRs m5,1634,0204,3718.7%-15.3%
DepreciationRs m4364894981.9%14.1%
InterestRs m557479438-8.6%-21.4%
Profit before taxRs m4,5533,1293,89024.3%-14.6%
TaxRs m1,3191,068-659-161.7%-150.0%
Profit after taxRs m3,2332,0614,549120.7%40.7%
Gross profit margin%86.378.468.8
Effective tax rate%29.034.1-16.9
Net profit margin%50.839.666.8
* 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 6.2% on a year-on-year (YoY) basis. The expenses were up by 141.9% YoY during the same period.
  • The company's operating profit declined by 15.3% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 68.8% in 2QFY20 as against 86.3% in 2QFY19.
  • Depreciation charges increased by 14.1% and finance costs declined by 21.4% YoY, respectively.
  • Other income increased by 18.3% YoY during the quarter.
  • Net profit for the quarter increased by 40.7% YoY. Net profit margins during the quarter increased from 50.8% in 2QFY19 to 66.8% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 24.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 79.5% QoQ during the same period.
  • The company's operating profit increased by 8.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 68.8% in 2QFY20 as against 78.4% in 1QFY19.
  • Net profit for the quarter increased by 120.7% QoQ, while net profit margins increased from 39.6% in 1QFY19 to 66.8% in 2QFY20.

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

Revealing at 5pm Today: The Great Indian Wealth Project

GUJ. STATE PETRONET Share Price Performance

Over the last one year,GUJ. STATE PETRONET share price has moved up from Rs 184.7 to Rs 214.5, registering a Gain of Rs 29.8 or around 16.1%.

Meanwhile, the S&P BSE OIL & GAS Index is trading at Rs 15,315.0 (up 1.0%). Over the last one year it has moved up from 13,320.3 to 15,315.0, a gain of 1,995 points (up 15.0%).

Overall, the S&P BSE SENSEX is up 15.9% over the year.

Current Valuations

At the current price of Rs 214.5, the price to earnings (P/E) ratio of GUJ. STATE PETRONET stands at 12.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.4 times.

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Related Views on News

GUJ. STATE PETRONET Announces Quarterly Results (4QFY20); Net Profit Up 47.1% (Quarterly Result Update)

Jun 10, 2020 | Updated on Jun 10, 2020

For the quarter ended March 2020, GUJ. STATE PETRONET has posted a net profit of Rs 2 bn (up 47.1% YoY). Sales on the other hand came in at Rs 6 bn (up 37.2% YoY). Read on for a complete analysis of GUJ. STATE PETRONET's quarterly results.

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

Aug 5, 2019 | Updated on Aug 5, 2019

For the quarter ended June 2019, GUJ. STATE PETRONET has posted a net profit of Rs 2 bn (up 42.7% YoY). Sales on the other hand came in at Rs 5 bn (up 31.0% YoY). Read on for a complete analysis of GUJ. STATE PETRONET's quarterly results.

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