MANALI PETRO Announces Quarterly Results (1QFY20); Net Profit Down 29.9%
Thu, 8 Aug

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

MANALI PETRO Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m1,7721,6381,80710.3%2.0%
Other incomeRs m10202316.7%136.3%
TurnoverRs m1,7811,6581,83010.4%2.7%
ExpensesRs m1,5061,4471,60711.1%6.7%
Gross profitRs m266359200-44.3%-24.8%
DepreciationRs m25263534.6%43.0%
InterestRs m4416329.6%310.8%
Profit before taxRs m247349172-50.8%-30.6%
TaxRs m8813960-57.2%-31.8%
Profit after taxRs m160209112-46.6%-29.9%
Gross profit margin%15.021.911.1
Effective tax rate%35.440.034.8
Net profit margin%9.012.66.1
* 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 grew 2.0% on a year-on-year (YoY) basis. The expenses were up by 6.7% YoY during the same period.
  • The company's operating profit declined by 24.8% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 11.1% in 1QFY20 as against 15.0% in 1QFY19.
  • Depreciation charges increased by 43.0% and finance costs increased by 310.8% YoY, respectively.
  • Other income increased by 136.3% YoY during the quarter.
  • Net profit for the quarter declined by 29.9% YoY. Net profit margins during the quarter declined from 9.0% in 1QFY19 to 6.1% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 10.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 11.1% QoQ during the same period.
  • The company's operating profit declined by 44.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 11.1% in 1QFY20 as against 21.9% in 4QFY19.
  • Net profit for the quarter declined by 46.6% QoQ, while net profit margins declined from 12.6% in 4QFY19 to 6.1% in 1QFY20.

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 down from Rs 44.1 to Rs 18.0, registering a Loss of Rs 26.2 or around 59.3%.

Meanwhile, the S&P BSE OIL & GAS Index is trading at Rs 12,746.6 (up 1.0%). Over the last one year it has moved down from 15,166.4 to 12,746.6, a gain of 2,420 points (down 16.0%).

Overall, the S&P BSE SENSEX is down 1.4% over the year.

Current Valuations

At the current price of Rs 18.0, the price to earnings (P/E) ratio of MANALI PETRO stands at 5.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.8 times.