Hindustan Petroleum reported 3.78% growth in gross revenues for the Dec-20 quarter on consolidated basis at Rs77,483cr. Downstream petroleum saw a bounce of 5% on a yoy basis as higher oil prices were also supported by a boost to volumes. There was also a revival in pent-up demand for oil which showed up in the quarter.
For the Dec-20 quarter, the consolidated operating profits were up 112.24% at Rs2,403cr. The operating profits benefited from a number of internal cost cutting measures as well as the all-important translation of inventory gains. The GRMs also improved to $2.35/bbl from $1.85/bbl and that also helped the cause. OPM got a boost from 1.52% in Dec-19 quarter to 3.10% in Dec-20 quarter.
The consolidated Profit after tax (PAT) for the Dec-20 quarter was up 131.08% at Rs2,374cr due to better GRMs and also a special currency gain of Rs870cr in the quarter. PAT margins also improved from 1.38% in Dec-19 quarter to 3.06% in the Dec-20 quarter.
Financial highlights for Dec-20 compared yoy and sequentially
|
|
Hindustan Petroleum |
|
|
|
|
Rs in Crore |
Dec-20 |
Dec-19 |
YOY |
Sep-20 |
QOQ |
|
Total Income (Rs cr) |
₹ 77,483 |
₹ 74,660 |
3.78% |
₹ 61,662 |
25.66% |
|
Operating Profit (Rs cr) |
₹ 2,403 |
₹ 1,132 |
112.24% |
₹ 2,725 |
-11.81% |
|
Net Profit (Rs cr) |
₹ 2,374 |
₹ 1,027 |
131.08% |
₹ 1,976 |
20.14% |
|
|
|
|
|
|
|
|
Diluted EPS (Rs) |
₹ 15.63 |
₹ 6.74 |
|
₹ 19.53 |
|
|
OPM |
3.10% |
1.52% |
|
4.42% |
|
|
Net Margins |
3.06% |
1.38% |
|
3.20% |
|
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