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Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 13.21 % in the past year, decrease in net sales/revenue by -2.22 %.
- Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 91.16 %. Marginal increase in other income during this quarter, up by 17.77%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Chennai Petroleum Corporation Limited. Profit dropped by -37.52 % Year to Year, Chennai Petroleum Corporation Limited’s profitability dropped by -44.05 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -37.51 % Year to Year. EPS decreased by -44.04 % in previous quarter. Analysis needed for shareholder value.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 17985.67 Cr | Rs. 20822.95 Cr | Rs. 20361.17 Cr | -2.22 % | + 13.21 % |
Expenses | Rs. 17035.85 Cr | Rs. 19781.23 Cr | Rs. 19697.69 Cr | -0.42 % | + 15.62 % |
Operating Profit | Rs. 949.82 Cr | Rs. 1041.72 Cr | Rs. 663.48 Cr | -36.31 % | -30.15 % |
OPM % | 5.28 % | 5 % | 3.26 % | -1.74 % | -2.02 % |
Other Income | Rs. 2.15 Cr | Rs. 3.49 Cr | Rs. 4.11 Cr | + 17.77 % | + 91.16 % |
Interest | Rs. 57.23 Cr | Rs. 50.94 Cr | Rs. 47.68 Cr | -6.4 % | -16.69 % |
Depreciation | Rs. 147.3 Cr | Rs. 150.75 Cr | Rs. 150.27 Cr | -0.32 % | + 2.02 % |
Profit before tax | Rs. 747.44 Cr | Rs. 843.52 Cr | Rs. 469.64 Cr | -44.32 % | -37.17 % |
Tax % | 26.64 % | 27.4 % | 27.05 % | -0.35 % | + 0.41 % |
Net Profit | Rs. 548.32 Cr | Rs. 612.38 Cr | Rs. 342.6 Cr | -44.05 % | -37.52 % |
EPS in Rs | Rs. 36.82 | Rs. 41.12 | Rs. 23.01 | -44.04 % | -37.51 % |
Today, we’re looking at Chennai 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 13.21 %. However, it did see a marginal slip of -2.22 % from the previous quarter. Expenses decreased slightly by -0.42 % quarter-on-quarter, aligning with the annual rise of 15.62 %. Operating profit, while down -30.15 % compared to last year, faced a quarter-on-quarter dip of -36.31 %, 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 -2.02 %, but a shrinkage of -1.74 % sequentially. Other income rose by 17.77 % compared to the last quarter, despite an annual growth of 91.16 %. Interest expenses dropped significantly by -6.4 % from the previous quarter, yet the year-over-year decrease remains at a moderate -16.69 %. Depreciation costs fell by -0.32 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 2.02 %. Profit before tax declined annually by -37.17 % but saw a reduction from the preceding quarter by -44.32 %.
Tax expenses as a percentage of profits increased slightly by 0.41 % compared to last year, with a more notable quarter-on-quarter decrease of -0.35 %. Net profit fell by -37.52 % year-on-year but witnessed a -44.05 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -37.51 % but a quarterly fall of -44.04 %. In summary, Chennai Petroleum Corporation Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 17985.67 Cr | Rs. 20822.95 Cr | Rs. 20361.17 Cr | -2.22 % | + 13.21 % |
Expenses | Rs. 17035.85 Cr | Rs. 19781.23 Cr | Rs. 19697.69 Cr | -0.42 % | + 15.62 % |
Operating Profit | Rs. 949.82 Cr | Rs. 1041.72 Cr | Rs. 663.48 Cr | -36.31 % | -30.15 % |
Net Profit | Rs. 548.32 Cr | Rs. 612.38 Cr | Rs. 342.6 Cr | -44.05 % | -37.52 % |
EPS in Rs | Rs. 36.82 | Rs. 41.12 | Rs. 23.01 | -44.04 % | -37.51 % |
In reviewing Chennai Petroleum Corporation Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 13.21 % year-on-year growth, although there was a slight dip of -2.22 % from the previous quarter. Expenses rose by 15.62 % compared to the previous year, with a decrease of -0.42 % quarter-on-quarter. Operating Profit dropped by -30.15 % annually, and saw a -36.31 % decrease from the last quarter.
Net Profit showed yearly decrease of -37.52 %, and experienced a -44.05 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -37.51 % annually, however dipped by -44.04 % compared to the last quarter. In essence, while Chennai Petroleum Corporation Limited faces strong annual decline indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.