CHENNAI PETROLEUM Announces Quarterly Results (3QFY20); Net Profit Up 101.7%

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CHENNAI PETROLEUM Announces Quarterly Results (3QFY20); Net Profit Up 101.7%
Tue, 21 Jan

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

CHENNAI PETROLEUM Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m120,055121,920119,650-1.9%-0.3%
Other incomeRs m9915524155.3%143.9%
TurnoverRs m120,154122,075119,891-1.8%-0.2%
ExpensesRs m123,508123,064117,620-4.4%-4.8%
Gross profitRs m-3,454-1,1442,030
DepreciationRs m1,1051,0591,21614.8%10.0%
InterestRs m1,091991964-2.8%-11.7%
Profit before taxRs m-5,551-3,03991
TaxRs m-1,882-91027
Profit after taxRs m-3,669-2,13064
Gross profit margin%-2.9-0.91.7
Effective tax rate%33.929.929.9
Net profit margin%-3.1-1.70.1
* 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 0.3% on a year-on-year (YoY) basis. The expenses were down by 4.8% YoY during the same period.
  • The company's operating profit declined by 158.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 1.7% in 3QFY20 as against 2.9% in 3QFY19.
  • Depreciation charges increased by 10.0% and finance costs declined by 11.7% YoY, respectively.
  • Other income increased by 143.9% YoY during the quarter.
  • Net profit for the quarter increased by 101.7% YoY. Net profit margins during the quarter increased from -3.1% in 3QFY19 to 0.1% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 1.9% on a quarter-on-quarter (QoQ) basis. The expenses were down by 4.4% QoQ during the same period.
  • The company's operating profit declined by 277.5% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 1.7% in 3QFY20 as against 0.9% in 2QFY19.
  • Net profit for the quarter increased by 103.0% QoQ, while net profit margins increased from -1.7% in 2QFY19 to 0.1% in 3QFY20.

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

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CHENNAI PETROLEUM Share Price Performance

Over the last one year,CHENNAI PETROLEUM share price has moved down from Rs 263.7 to Rs 149.5, registering a Loss of Rs 114.2 or around 43.3%.

Meanwhile, the S&P BSE OIL & GAS Index is trading at Rs 14,598.7 (up 0.3%). Over the last one year it has moved up from 13,673.1 to 14,598.7, a gain of 926 points (up 6.8%).

Overall, the S&P BSE SENSEX is up 13.5% over the year.

Current Valuations

At the current price of Rs 149.5, the price to book value (P/BV) ratio of CHENNAI PETROLEUM stands at 0.6 times.

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