CHENNAI PETROLEUM Announces Quarterly Results (1QFY20); Net Profit Down 249.6%

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CHENNAI PETROLEUM Announces Quarterly Results (1QFY20); Net Profit Down 249.6%
Wed, 31 Jul

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

CHENNAI PETROLEUM Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m123,558127,652127,239-0.3%3.0%
Other incomeRs m8111714423.5%79.3%
TurnoverRs m123,638127,768127,383-0.3%3.0%
ExpensesRs m119,085125,859128,4432.1%7.9%
Gross profitRs m4,4721,792-1,204-167.2%-126.9%
DepreciationRs m1,0361,3081,225-6.3%18.3%
InterestRs m9851,0671,046-2.0%6.2%
Profit before taxRs m2,532-466-3,331-231.6%
TaxRs m972-171-997-202.6%
Profit after taxRs m1,560-294-2,334-249.6%
Gross profit margin%3.61.4-0.9
Effective tax rate%38.436.829.9
Net profit margin%1.3-0.2-1.8
* 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 3.0% on a year-on-year (YoY) basis. The expenses were up by 7.9% YoY during the same period.
  • The company's operating profit declined by 126.9% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 0.9% in 1QFY20 as against 3.6% in 1QFY19.
  • Depreciation charges increased by 18.3% and finance costs increased by 6.2% YoY, respectively.
  • Other income increased by 79.3% YoY during the quarter.
  • Net profit for the quarter declined by 249.6% YoY. Net profit margins during the quarter declined from 1.3% in 1QFY19 to -1.8% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 0.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 2.1% QoQ during the same period.
  • The company's operating profit declined by 167.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 0.9% in 1QFY20 as against 1.4% in 4QFY19.
  • Net profit for the quarter declined by 692.8% QoQ, while net profit margins declined from -0.2% in 4QFY19 to -1.8% in 1QFY20.

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

CHENNAI PETROLEUM Share Price Performance

Over the last one year,CHENNAI PETROLEUM share price has moved down from Rs 314.0 to Rs 197.1, registering a Loss of Rs 116.9 or around 37.2%.

Meanwhile, the S&P BSE OIL & GAS Index is trading at Rs 13,157.3 (up 0.5%). Over the last one year it has moved down from 15,023.6 to 13,157.3, a gain of 1,866 points (down 12.4%).

Overall, the S&P BSE SENSEX is down 0.7% over the year.

Current Valuations

At the current price of Rs 197.1, the price to book value (P/BV) ratio of CHENNAI PETROLEUM stands at 0.7 times.

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