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

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HIND.OIL EXP Announces Quarterly Results (2QFY20); Net Profit Down 7.9%
Tue, 12 Nov

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

HIND.OIL EXP Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m64449462426.4%-3.1%
Other incomeRs m21405125.8%140.9%
TurnoverRs m66553467426.4%1.5%
ExpensesRs m12114522152.0%83.2%
Gross profitRs m52334844427.5%-15.1%
DepreciationRs m103688323.2%-19.0%
InterestRs m1313133.8%5.9%
Profit before taxRs m42930839829.2%-7.2%
TaxRs m0030.0%0.0%
Profit after taxRs m42930839528.2%-7.9%
Gross profit margin%81.370.571.2
Effective tax rate%0.00.00.8
Net profit margin%64.557.758.5
* 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 fell 3.1% on a year-on-year (YoY) basis. The expenses were up by 83.2% YoY during the same period.
  • The company's operating profit declined by 15.1% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 71.2% in 2QFY20 as against 81.3% in 2QFY19.
  • Depreciation charges declined by 19.0% and finance costs increased by 5.9% YoY, respectively.
  • Other income increased by 140.9% YoY during the quarter.
  • Net profit for the quarter declined by 7.9% YoY. Net profit margins during the quarter declined from 64.5% in 2QFY19 to 58.5% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 26.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 52.0% QoQ during the same period.
  • The company's operating profit increased by 27.5% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 71.2% in 2QFY20 as against 70.5% in 1QFY19.
  • Net profit for the quarter increased by 28.2% QoQ, while net profit margins increased from 57.7% in 1QFY19 to 58.5% in 2QFY20.

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

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HIND.OIL EXP Share Price Performance

Over the last one year,HIND.OIL EXP share price has moved down from Rs 135.7 to Rs 97.5, registering a Loss of Rs 38.3 or around 28.2%.

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 97.5, 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 2.4 times.

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