HIND.OIL EXP Announces Quarterly Results (1QFY20); Net Profit Up 31.9%

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HIND.OIL EXP Announces Quarterly Results (1QFY20); Net Profit Up 31.9%
Thu, 8 Aug

HIND.OIL EXP has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

HIND.OIL EXP Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m351714494-30.9%40.8%
Other incomeRs m1637409.8%157.5%
TurnoverRs m366751534-28.9%45.7%
ExpensesRs m95190145-23.6%53.4%
Gross profitRs m279524348-33.5%24.8%
DepreciationRs m3910568-35.5%72.9%
InterestRs m13-24132.0%
Profit before taxRs m243480308-35.8%26.8%
TaxRs m9000.0%-100.0%
Profit after taxRs m233480308-35.8%31.9%
Gross profit margin%79.573.370.5
Effective tax rate%3.80.00.0
Net profit margin%63.763.957.7
* 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 40.8% on a year-on-year (YoY) basis. The expenses were up by 53.4% YoY during the same period.
  • The company's operating profit increased by 24.8% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 70.5% in 1QFY20 as against 79.5% in 1QFY19.
  • Depreciation charges increased by 72.9% and finance costs increased by 2.0% YoY, respectively.
  • Other income increased by 157.5% YoY during the quarter.
  • Net profit for the quarter increased by 31.9% YoY. Net profit margins during the quarter declined from 63.7% in 1QFY19 to 57.7% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 30.9% on a quarter-on-quarter (QoQ) basis. The expenses were down by 23.6% QoQ during the same period.
  • The company's operating profit declined by 33.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 70.5% in 1QFY20 as against 73.3% in 4QFY19.
  • Net profit for the quarter declined by 35.8% QoQ, while net profit margins declined from 63.9% in 4QFY19 to 57.7% in 1QFY20.

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

HIND.OIL EXP Share Price Performance

Over the last one year,HIND.OIL EXP share price has moved down from Rs 156.1 to Rs 98.9, registering a Loss of Rs 57.2 or around 36.6%.

Meanwhile, the S&P BSE OIL & GAS Index is trading at Rs 12,586.3 (down 0.2%). Over the last one year it has moved down from 15,166.4 to 12,586.3, a gain of 2,580 points (down 17.0%).

Overall, the S&P BSE SENSEX is down 2.3% over the year.

Current Valuations

At the current price of Rs 98.9, the price to earnings (P/E) ratio of HIND.OIL EXP stands at 8.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.4 times.

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HIND.OIL EXP Announces Quarterly Results (2QFY20); Net Profit Down 7.9% (Quarterly Result Update)

Nov 12, 2019 | Updated on Nov 12, 2019

For the quarter ended September 2019, HIND.OIL EXP has posted a net profit of Rs 395 m (down 7.9% YoY). Sales on the other hand came in at Rs 624 m (down 3.1% YoY). Read on for a complete analysis of HIND.OIL EXP's quarterly results.

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