Highlights
- Sales over the Year and quarter: The company’s sales declined by -5.13 % over the year, substantial increase in net sales/revenue by 10.58 %.
- 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 55.5 %. Marginal decrease of -22.65% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Confidence Petroleum India Limited. Profit dropped by -57.46 % Year to Year, Confidence Petroleum India Limited’s profitability dropped by -62.34 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -53.85 % Year to Year. EPS decreased by -58.62 % 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. 618.9 Cr | Rs. 531 Cr | Rs. 587.18 Cr | + 10.58 % | -5.13 % |
| Expenses | Rs. 563.22 Cr | Rs. 457.28 Cr | Rs. 488.41 Cr | + 6.81 % | -13.28 % |
| Operating Profit | Rs. 55.68 Cr | Rs. 73.72 Cr | Rs. 98.77 Cr | + 33.98 % | + 77.39 % |
| OPM % | 9 % | 13.88 % | 16.82 % | + 2.94 % | + 7.82 % |
| Other Income | Rs. 3.91 Cr | Rs. 7.86 Cr | Rs. 6.08 Cr | -22.65 % | + 55.5 % |
| Interest | Rs. 4.69 Cr | Rs. 16.88 Cr | Rs. 25.19 Cr | + 49.23 % | + 437.1 % |
| Depreciation | Rs. 23.88 Cr | Rs. 35.81 Cr | Rs. 65.62 Cr | + 83.24 % | + 174.79 % |
| Profit before tax | Rs. 31.02 Cr | Rs. 28.89 Cr | Rs. 14.04 Cr | -51.4 % | -54.74 % |
| Tax % | 28.92 % | 13.78 % | 33.19 % | + 19.41 % | + 4.27 % |
| Net Profit | Rs. 22.05 Cr | Rs. 24.91 Cr | Rs. 9.38 Cr | -62.34 % | -57.46 % |
| EPS in Rs | Rs. 0.78 | Rs. 0.82 | Rs. 0.34 | -58.54 % | -56.41 % |
Today, we’re looking at Confidence Petroleum India Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -5.13 %. However, it did see a marginal increase of 10.58 % from the previous quarter. Expenses ticked up slightly by 6.81 % quarter-on-quarter, aligning with the annual decline of -13.28 %. Operating profit, while up 77.39 % compared to last year, faced a quarter-on-quarter increase of 33.98 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 7.82 %, but an expansion of 2.94 % sequentially. Other income fell by -22.65 % compared to the last quarter, despite an annual growth of 55.5 %. Interest expenses surged remarkably by 49.23 % from the previous quarter, yet the year-over-year increase remains at a moderate 437.1 %. Depreciation costs climbed by 83.24 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 174.79 %. Profit before tax declined annually by -54.74 % but saw a reduction from the preceding quarter by -51.4 %.
Tax expenses as a percentage of profits increased slightly by 4.27 % compared to last year, with a more notable quarter-on-quarter increase of 19.41 %. Net profit fell by -57.46 % year-on-year but witnessed a -62.34 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -56.41 % but a quarterly fall of -58.54 %. 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. 618.9 Cr | Rs. 531 Cr | Rs. 587.18 Cr | + 10.58 % | -5.13 % |
| Expenses | Rs. 563.22 Cr | Rs. 457.28 Cr | Rs. 488.41 Cr | + 6.81 % | -13.28 % |
| Operating Profit | Rs. 55.68 Cr | Rs. 73.72 Cr | Rs. 98.77 Cr | + 33.98 % | + 77.39 % |
| Net Profit | Rs. 22.05 Cr | Rs. 24.91 Cr | Rs. 9.38 Cr | -62.34 % | -57.46 % |
| EPS in Rs | Rs. 0.78 | Rs. 0.82 | Rs. 0.34 | -58.54 % | -56.41 % |
In reviewing Confidence Petroleum India Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -5.13 % year-on-year, however, there was a minor increase of 10.58 % from the previous quarter. Expenses decreased by -13.28 % compared to the previous year, with a 6.81 % increase quarter-on-quarter. Operating Profit surged by 77.39 % annually, and saw a 33.98 % increase from the last quarter.
Net Profit showed yearly decrease of -57.46 %, and experienced a -62.34 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -56.41 % annually, however dipped by -58.54 % compared to the last quarter. In essence, while Confidence Petroleum India 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.
