HPCL Announces Quarterly Results (3QFY20); Net Profit Up 201.8%

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HPCL Announces Quarterly Results (3QFY20); Net Profit Up 201.8%
Fri, 7 Feb

HPCL has announced its results for the quarter ended December 2019. Here is a detailed performance review of the same:

HPCL Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m771,824664,552745,89412.2%-3.4%
Other incomeRs m3,9373,9574,0221.6%2.2%
TurnoverRs m775,761668,509749,91612.2%-3.3%
ExpensesRs m762,192641,362727,22513.4%-4.6%
Gross profitRs m9,63223,18918,669-19.5%93.8%
DepreciationRs m7,3938,1218,6596.6%17.1%
InterestRs m1,4722,8562,524-11.6%71.5%
Profit before taxRs m4,70416,17011,508-28.8%144.7%
TaxRs m2,2285,6474,036-28.5%81.1%
Profit after taxRs m2,47610,5237,472-29.0%201.8%
Gross profit margin%1.23.52.5
Effective tax rate%47.434.935.1
Net profit margin%0.31.61.0
* 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 3.4% on a year-on-year (YoY) basis. The expenses were down by 4.6% YoY during the same period.
  • The company's operating profit increased by 93.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 2.5% in 3QFY20 as against 1.2% in 3QFY19.
  • Depreciation charges increased by 17.1% and finance costs increased by 71.5% YoY, respectively.
  • Other income increased by 2.2% YoY during the quarter.
  • Net profit for the quarter increased by 201.8% YoY. Net profit margins during the quarter increased from 0.3% in 3QFY19 to 1.0% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 12.2% on a quarter-on-quarter (QoQ) basis. The expenses were up by 13.4% QoQ during the same period.
  • The company's operating profit declined by 19.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 2.5% in 3QFY20 as against 3.5% in 2QFY19.
  • Net profit for the quarter declined by 29.0% QoQ, while net profit margins declined from 1.6% in 2QFY19 to 1.0% in 3QFY20.

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

REVEALED: How to Potentially Increase Your Monthly Income Without Working 24x7

HPCL Share Price Performance

Over the last one year,HPCL share price has moved up from Rs 236.9 to Rs 237.5, registering a Gain of Rs 0.7 or around 0.3%.

Meanwhile, the S&P BSE OIL & GAS Index is trading at Rs 14,265.2 (down 0.8%). Over the last one year it has moved up from 13,887.7 to 14,265.2, a gain of 378 points (up 2.7%).

Overall, the S&P BSE SENSEX is up 11.4% over the year.

Current Valuations

At the current price of Rs 237.5, the price to earnings (P/E) ratio of HPCL stands at 6.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.2 times.

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