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MANALI PETRO Announces Quarterly Results (2QFY19); Net Profit Up 83.4%

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MANALI PETRO Announces Quarterly Results (2QFY19); Net Profit Up 83.4%
Fri, 9 Nov

MANALI PETRO has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

MANALI PETRO Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m1,4781,7721,8353.6%24.2%
Other incomeRs m21027176.0%1384.9%
TurnoverRs m1,4801,7811,8624.5%25.8%
ExpensesRs m1,3411,5061,5734.5%17.3%
Gross profitRs m137266262-1.5%90.9%
DepreciationRs m1925264.8%35.4%
InterestRs m114534.8%-51.0%
Profit before taxRs m1092472574.2%135.7%
TaxRs m1888902.4%406.1%
Profit after taxRs m921601685.2%83.4%
Gross profit margin%9.315.014.3
Effective tax rate%16.235.434.8
Net profit margin%6.29.09.0
* 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 grew 24.2% on a year-on-year (YoY) basis. The expenses were up by 17.3% YoY during the same period.
  • The company's operating profit increased by 90.9% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 14.3% in 2QFY19 as against 9.3% in 2QFY18.
  • Depreciation charges increased by 35.4% and finance costs declined by 51.0% YoY, respectively.
  • Other income increased by 1384.9% YoY during the quarter.
  • Net profit for the quarter increased by 83.4% YoY. Net profit margins during the quarter increased from 6.2% in 2QFY18 to 9.0% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 3.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 4.5% QoQ during the same period.
  • The company's operating profit declined by 1.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 14.3% in 2QFY19 as against 15.0% in 1QFY18.
  • Net profit for the quarter increased by 5.2% QoQ, while net profit margins increased from 9.0% in 1QFY18 to 9.0% in 2QFY19.

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

MANALI PETRO Share Price Performance

Over the last one year, MANALI PETRO share price has moved up from Rs 36.0 to Rs 34.8, registering a Loss of Rs 1.2 or around 3.3%.

Meanwhile, the S&P BSE OIL & GAS Index is trading at Rs 13,557.8 (up 0.2%). Over the last one year it has moved down from 16,092.1 to 13,557.8, a gain of 2,534 points (down 15.7%).

Overall, the S&P BSE SENSEX is up 5.3% over the year.

Current Valuations

At the current price of Rs 34.8, the price to earnings (P/E) ratio of MANALI PETRO stands at 7.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.1 times.

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Related Views on News

MANALI PETRO Announces Quarterly Results (3QFY19); Net Profit Down 33.1% (Quarterly Result Update)

Feb 14, 2019 | Updated on Feb 14, 2019

For the quarter ended December 2018, MANALI PETRO has posted a net profit of Rs 115 m (down 33.1% YoY). Sales on the other hand came in at Rs 2 bn (up 9.5% YoY). Read on for a complete analysis of MANALI PETRO's quarterly results.

MANALI PETRO Announces Quarterly Results (1QFY19); Net Profit Up 646.7% (Quarterly Result Update)

Aug 14, 2018 | Updated on Aug 14, 2018

For the quarter ended June 2018, MANALI PETRO has posted a net profit of Rs 160 m (up 646.7% YoY). Sales on the other hand came in at Rs 2 bn (up 8.7% YoY). Read on for a complete analysis of MANALI PETRO's quarterly results.

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