HPCL Announces Quarterly Results (1QFY21); Net Profit Up 247.0%

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HPCL Announces Quarterly Results (1QFY21); Net Profit Up 247.0%
Fri, 6 Nov

HPCL has announced its results for the quarter ended June 2020. Here is a detailed performance review of the same:

HPCL Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-19*
3
Mar-20*
3
Jun-20*
QoQ ChangeYoY Change
Net SalesRs m748,081715,546461,076-35.6%-38.4%
Other incomeRs m6,1654,2415,62632.7%-8.7%
TurnoverRs m754,246719,786466,701-35.2%-38.1%
ExpensesRs m731,642722,611417,539-42.2%-42.9%
Gross profitRs m16,439-17,09543,536164.8%
DepreciationRs m8,1518,1148,6616.7%6.3%
InterestRs m2,0633,3743,217-4.7%55.9%
Profit before taxRs m12,390-24,34337,284200.9%
TaxRs m4,281-24,6119,146113.6%
Profit after taxRs m8,11026828,13810399.4%247.0%
Gross profit margin%2.2-2.49.4
Effective tax rate%34.6101.124.5
Net profit margin%1.10.06.0
* 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 38.4% on a year-on-year (YoY) basis. The expenses were down by 42.9% YoY during the same period.
  • The company's operating profit increased by 164.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 9.4% in 1QFY21 as against 2.2% in 1QFY20.
  • Depreciation charges increased by 6.3% and finance costs increased by 55.9% YoY, respectively.
  • Other income declined by 8.7% YoY during the quarter.
  • Net profit for the quarter increased by 247.0% YoY. Net profit margins during the quarter increased from 1.1% in 1QFY20 to 6.0% in 1QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 35.6% on a quarter-on-quarter (QoQ) basis. The expenses were down by 42.2% QoQ during the same period.
  • The company's operating profit declined by 354.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 9.4% in 1QFY21 as against 2.4% in 4QFY20.
  • Net profit for the quarter increased by 10399.4% QoQ, while net profit margins increased from 0.0% in 4QFY20 to 6.0% in 1QFY21.

To see how HPCL has performed over the last eight quarters,please visit here.

Know More: Which way are the markets & the mutual fund industry headed?

HPCL Share Price Performance

Over the last one year, HPCL share price has moved down from Rs 313.8 to Rs 206.0, registering a Loss of Rs 107.8 or around 34.4%.

Meanwhile, the S&P BSE OIL & GAS Index is trading at Rs 12,368.2 (up 0.9%). Over the last one year it has moved down from 15,531.6 to 12,368.2, a gain of 3,163 points (down 20.4%).

Overall, the S&P BSE SENSEX is up 3.6% over the year.

Current Valuations

At the current price of Rs 206.0, the price to earnings (P/E) ratio of HPCL stands at 5.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.0 times.

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