HIND.OIL EXP Announces Quarterly Results (2QFY19); Net Profit Up 668.4%

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HIND.OIL EXP Announces Quarterly Results (2QFY19); Net Profit Up 668.4%
Fri, 9 Nov

HIND.OIL EXP has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

HIND.OIL EXP Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m8435164483.6%666.5%
Other incomeRs m33162134.5%-35.5%
TurnoverRs m11736666581.5%470.5%
ExpensesRs m129512127.2%906.6%
Gross profitRs m7227952387.6%626.5%
DepreciationRs m3739103163.1%180.8%
InterestRs m1213130.0%4.9%
Profit before taxRs m5624342976.6%668.4%
TaxRs m090-100.0%0.0%
Profit after taxRs m5623342983.6%668.4%
Gross profit margin%85.779.581.3
Effective tax rate%0.03.80.0
Net profit margin%47.963.764.5
* 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 666.5% on a year-on-year (YoY) basis. The expenses were up by 906.6% YoY during the same period.
  • The company's operating profit increased by 626.5% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 81.3% in 2QFY19 as against 85.7% in 2QFY18.
  • Depreciation charges increased by 180.8% and finance costs increased by 4.9% YoY, respectively.
  • Other income declined by 35.5% YoY during the quarter.
  • Net profit for the quarter increased by 668.4% YoY. Net profit margins during the quarter increased from 47.9% in 2QFY18 to 64.5% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 83.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 27.2% QoQ during the same period.
  • The company's operating profit increased by 87.6% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 81.3% in 2QFY19 as against 79.5% in 1QFY18.
  • Net profit for the quarter increased by 83.6% QoQ, while net profit margins increased from 63.7% in 1QFY18 to 64.5% in 2QFY19.

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 up from Rs 115.5 to Rs 132.8, registering a Gain of Rs 17.3 or around 14.9%.

Meanwhile, the S&P BSE OIL & GAS Index is trading at Rs 13,560.6 (up 0.2%). Over the last one year it has moved down from 16,092.1 to 13,560.6, a gain of 2,532 points (down 15.7%).

Overall, the S&P BSE SENSEX is up 5.4% over the year.

Current Valuations

At the current price of Rs 132.8, the price to earnings (P/E) ratio of HIND.OIL EXP stands at 18.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.5 times.

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