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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’s sales declined by -4.01 % over the year, substantial increase in net sales/revenue by 31.33 %.
- 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 1197.5 %. Marginal decrease of -14.64% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Confidence Petroleum India Limited. Profit dropped by -51.67 % Year to Year, Confidence Petroleum India Limited’s profitability increased by 49.47 % in this quarter.
- EPS over the Year and quarter: EPS declined by -56.86 % Year to Year. EPS increased by 22.22 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 803.36 Cr | Rs. 587.18 Cr | Rs. 771.13 Cr | + 31.33 % | -4.01 % |
| Expenses | Rs. 738.8 Cr | Rs. 488.41 Cr | Rs. 704.33 Cr | + 44.21 % | -4.67 % |
| Operating Profit | Rs. 64.56 Cr | Rs. 98.77 Cr | Rs. 66.8 Cr | -32.37 % | + 3.47 % |
| OPM % | 8.04 % | 16.82 % | 8.66 % | -8.16 % | + 0.62 % |
| Other Income | Rs. 0.4 Cr | Rs. 6.08 Cr | Rs. 5.19 Cr | -14.64 % | + 1197.5 % |
| Interest | Rs. 5.13 Cr | Rs. 25.19 Cr | Rs. 15.73 Cr | -37.55 % | + 206.63 % |
| Depreciation | Rs. 21.25 Cr | Rs. 65.62 Cr | Rs. 37.33 Cr | -43.11 % | + 75.67 % |
| Profit before tax | Rs. 38.58 Cr | Rs. 14.04 Cr | Rs. 18.93 Cr | + 34.83 % | -50.93 % |
| Tax % | 24.81 % | 33.19 % | 25.94 % | -7.25 % | + 1.13 % |
| Net Profit | Rs. 29.01 Cr | Rs. 9.38 Cr | Rs. 14.02 Cr | + 49.47 % | -51.67 % |
| EPS in Rs | Rs. 1.01 | Rs. 0.34 | Rs. 0.44 | + 29.41 % | -56.44 % |
Today, we’re looking at Confidence Petroleum India Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -4.01 %. However, it did see a marginal increase of 31.33 % from the previous quarter. Expenses ticked up slightly by 44.21 % quarter-on-quarter, aligning with the annual decline of -4.67 %. Operating profit, while up 3.47 % compared to last year, faced a quarter-on-quarter dip of -32.37 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 0.62 %, but a shrinkage of -8.16 % sequentially. Other income fell by -14.64 % compared to the last quarter, despite an annual growth of 1197.5 %. Interest expenses dropped significantly by -37.55 % from the previous quarter, yet the year-over-year increase remains at a moderate 206.63 %. Depreciation costs fell by -43.11 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 75.67 %. Profit before tax declined annually by -50.93 % but saw an increase from the preceding quarter by 34.83 %.
Tax expenses as a percentage of profits increased slightly by 1.13 % compared to last year, with a more notable quarter-on-quarter decrease of -7.25 %. Net profit fell by -51.67 % year-on-year but experienced a 49.47 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -56.44 % but a quarterly rise of 29.41 %. In summary, Confidence Petroleum India 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. 803.36 Cr | Rs. 587.18 Cr | Rs. 771.13 Cr | + 31.33 % | -4.01 % |
| Expenses | Rs. 738.8 Cr | Rs. 488.41 Cr | Rs. 704.33 Cr | + 44.21 % | -4.67 % |
| Operating Profit | Rs. 64.56 Cr | Rs. 98.77 Cr | Rs. 66.8 Cr | -32.37 % | + 3.47 % |
| Net Profit | Rs. 29.01 Cr | Rs. 9.38 Cr | Rs. 14.02 Cr | + 49.47 % | -51.67 % |
| EPS in Rs | Rs. 1.01 | Rs. 0.34 | Rs. 0.44 | + 29.41 % | -56.44 % |
In reviewing Confidence Petroleum India Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -4.01 % year-on-year, however, there was a minor increase of 31.33 % from the previous quarter. Expenses decreased by -4.67 % compared to the previous year, with a 44.21 % increase quarter-on-quarter. Operating Profit surged by 3.47 % annually, and saw a -32.37 % decrease from the last quarter.
Net Profit showed yearly decrease of -51.67 %, and experienced a 49.47 % increase from the previous quarter. Earnings Per Share (EPS) fell by -56.44 % annually, however rose by 29.41 % compared to the last quarter. In essence, while Confidence Petroleum India 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.
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