MANALI PETRO Announces Quarterly Results (4QFY19); Net Profit Down 21.4%

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MANALI PETRO Announces Quarterly Results (4QFY19); Net Profit Down 21.4%
Fri, 24 May

MANALI PETRO has announced its results for the quarter ended March 2019. Here is a detailed performance review of the same:

MANALI PETRO Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m1,8991,7761,638-7.8%-13.7%
Other incomeRs m6122059.5%230.7%
TurnoverRs m1,9051,7881,658-7.3%-13.0%
ExpensesRs m1,4641,5831,447-8.6%-1.2%
Gross profitRs m43519335986.3%-17.5%
DepreciationRs m232726-2.2%12.6%
InterestRs m654-18.5%-38.8%
Profit before taxRs m412174349100.8%-15.3%
TaxRs m14559139137.6%-4.2%
Profit after taxRs m26611520982.0%-21.4%
Gross profit margin%22.910.821.9
Effective tax rate%35.333.840.0
Net profit margin%14.06.412.6
* 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 13.7% on a year-on-year (YoY) basis. The expenses were down by 1.2% YoY during the same period.
  • The company's operating profit declined by 17.5% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 21.9% in 4QFY19 as against 22.9% in 4QFY18.
  • Depreciation charges increased by 12.6% and finance costs declined by 38.8% YoY, respectively.
  • Other income increased by 230.7% YoY during the quarter.
  • Net profit for the quarter declined by 21.4% YoY. Net profit margins during the quarter declined from 14.0% in 4QFY18 to 12.6% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 7.8% on a quarter-on-quarter (QoQ) basis. The expenses were down by 8.6% QoQ during the same period.
  • The company's operating profit increased by 86.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 21.9% in 4QFY19 as against 10.8% in 3QFY18.
  • Net profit for the quarter increased by 82.0% QoQ, while net profit margins increased from 6.4% in 3QFY18 to 12.6% in 4QFY19.

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 39.5 to Rs 24.9, registering a Loss of Rs 14.6 or around 37.0%.

Meanwhile, the S&P BSE OIL & GAS Index is trading at Rs 15,150.6 (down 0.0%). Over the last one year it has moved up from 13,525.6 to 15,150.6, a gain of 1,625 points (up 12.0%).

Overall, the S&P BSE SENSEX is up 13.2% over the year.

Current Valuations

At the current price of Rs 24.9, the price to earnings (P/E) ratio of MANALI PETRO stands at 6.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.1 times.

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