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

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GUJ. STATE PETRONET Announces Quarterly Results (4QFY20); Net Profit Up 47.1%
Wed, 10 Jun

GUJ. STATE PETRONET has announced its results for the quarter ended March 2020. Here is a detailed performance review of the same:

GUJ. STATE PETRONET Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-19*
3
Dec-19*
3
Mar-20*
QoQ ChangeYoY Change
Net SalesRs m4,3396,2595,952-4.9%37.2%
Other incomeRs m79526729.1%-15.9%
TurnoverRs m4,4186,3106,019-4.6%36.2%
ExpensesRs m1,0462,4592,395-2.6%128.9%
Gross profitRs m3,2933,8003,557-6.4%8.0%
DepreciationRs m475497483-2.9%1.5%
InterestRs m505383346-9.6%-31.5%
Profit before taxRs m2,3922,9722,795-5.9%16.9%
TaxRs m859751539-28.1%-37.2%
Profit after taxRs m1,5332,2212,2561.6%47.1%
Gross profit margin%75.960.759.8
Effective tax rate%35.925.319.3
Net profit margin%34.735.237.5
* 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 37.2% on a year-on-year (YoY) basis. The expenses were up by 128.9% YoY during the same period.
  • The company's operating profit increased by 8.0% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 59.8% in 4QFY20 as against 75.9% in 4QFY19.
  • Depreciation charges increased by 1.5% and finance costs declined by 31.5% YoY, respectively.
  • Other income declined by 15.9% YoY during the quarter.
  • Net profit for the quarter increased by 47.1% YoY. Net profit margins during the quarter increased from 34.7% in 4QFY19 to 37.5% in 4QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 4.9% on a quarter-on-quarter (QoQ) basis. The expenses were down by 2.6% QoQ during the same period.
  • The company's operating profit declined by 6.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 59.8% in 4QFY20 as against 60.7% in 3QFY19.
  • Net profit for the quarter increased by 1.6% QoQ, while net profit margins increased from 35.2% in 3QFY19 to 37.5% in 4QFY20.

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

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GUJ. STATE PETRONET Share Price Performance

Over the last one year,GUJ. STATE PETRONET share price has moved up from Rs 186.2 to Rs 222.2, registering a Gain of Rs 36.0 or around 19.3%.

Meanwhile, the S&P BSE OIL & GAS Index is trading at Rs 12,530.5 (down 0.8%). Over the last one year it has moved down from 15,042.1 to 12,530.5, a loss of 2,512 points (down 16.7%).

Overall, the S&P BSE SENSEX is down 14.4% over the year.

Current Valuations

At the current price of Rs 222.2, the price to earnings (P/E) ratio of GUJ. STATE PETRONET stands at 11.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.5 times.

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Related Views on News

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

Nov 12, 2019 | Updated on Nov 12, 2019

For the quarter ended September 2019, GUJ. STATE PETRONET has posted a net profit of Rs 5 bn (up 40.7% YoY). Sales on the other hand came in at Rs 6 bn (up 6.2% 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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