Hindustan Petroleum Corporation : Q1 2024 Financial Quarterly Report : YoY Sales Up 1.49 %, QoQ Down 0.58 %

The comprehensive analytics outlining the performance and outlook of Hindustan Petroleum Corporation Limited”s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Today, we’re looking at Hindustan Petroleum Corporation Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 1.49 %. However, it did see a marginal slip of -0.58 % from the previous quarter. Expenses ticked up slightly by 1.78 % quarter-on-quarter, aligning with the annual rise of 8.53 %. Operating profit, while down -78.35 % compared to last year, faced a quarter-on-quarter dip of -57.21 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -6.36 %, but a shrinkage of -2.28 % sequentially. Other income fell by -8.27 % compared to the last quarter, despite an annual decline of -58.03 %. Interest expenses surged remarkably by 1.91 % from the previous quarter, yet the year-over-year increase remains at a moderate 17 %. Depreciation costs fell by -9.11 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 8.18 %. Profit before tax declined annually by -95.34 % but saw a reduction from the preceding quarter by -86.65 %.
Tax expenses as a percentage of profits increased slightly by 14.59 % compared to last year, with a more notable quarter-on-quarter increase of 27.1 %. Net profit fell by -90.63 % year-on-year but witnessed a -76.6 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -93.75 % but a quarterly fall of -84.39 %. In summary, Hindustan Petroleum Corporation Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

In reviewing Hindustan Petroleum Corporation Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 1.49 % year-on-year growth, although there was a slight dip of -0.58 % from the previous quarter. Expenses rose by 8.53 % compared to the previous year, with a 1.78 % increase quarter-on-quarter. Operating Profit dropped by -78.35 % annually, and saw a -57.21 % decrease from the last quarter.
Net Profit showed yearly decrease of -90.63 %, and experienced a -76.6 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -93.75 % annually, however dipped by -84.39 % compared to the last quarter. In essence, while Hindustan Petroleum Corporation Limited faces strong annual decline indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.