Hindustan Petroleum Corporation Q2 Results Live : Hindustan Petroleum Corporation declared their Q2 results on 25 Oct, 2024, revealing a troubling financial performance. The company’s topline showed a modest increase of 5.45% year-over-year, yet the profit plummeted by a staggering 97.55% compared to the same quarter last year.
When examining the performance against the previous quarter, the revenue reflected a decline of 10.48%, while profit experienced a significant drop of 77.49%. This downward trend raises concerns about the company’s profitability and overall market position.
Despite these challenges, the Selling, General & Administrative expenses saw a slight decline, decreasing by 1.59% quarter-over-quarter and 9.63% year-over-year, indicating some efforts to control costs.
The operating income, however, showed a contrasting trend, rising by 95.91% compared to the previous quarter, but was down 82.96% year-over-year, further highlighting the volatility in Hindustan Petroleum’s earnings.
Earnings per share (EPS) for Q2 stood at ₹0.67, marking a dramatic decrease of 98.37% year-over-year, which is alarming for shareholders and potential investors alike.
In terms of market performance, Hindustan Petroleum Corporation has delivered a -6.6% return in the last week, though it has seen a substantial 23.6% return over the past six months and a notable 52.2% year-to-date return, signaling a mixed outlook.
Currently, the company boasts a market capitalization of ₹86123.62 Cr, with a 52-week high of ₹457.15 and a low of ₹159.47, indicating significant fluctuations in its stock price over the year.
Analyst sentiment is varied; as of 26 Oct, 2024, out of 30 analysts covering the company, 6 have issued a Strong Sell rating, 5 a Sell rating, 5 a Hold rating, 7 a Buy rating, and 7 a Strong Buy rating. The consensus recommendation remains to Hold, suggesting uncertainty among market experts regarding the company’s future performance.
Hindustan Petroleum Corporation Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 108267.59 | 120943.3 | -10.48% | 102669.31 | +5.45% |
| Selling/ General/ Admin Expenses Total | 762.09 | 774.43 | -1.59% | 843.33 | -9.63% |
| Depreciation/ Amortization | 1529.54 | 1483.6 | +3.1% | 1247.31 | +22.63% |
| Total Operating Expense | 107076.18 | 120335.16 | -11.02% | 95676.61 | +11.91% |
| Operating Income | 1191.41 | 608.14 | +95.91% | 6992.7 | -82.96% |
| Net Income Before Taxes | 348.19 | 805.07 | -56.75% | 7443 | -95.32% |
| Net Income | 142.67 | 633.94 | -77.49% | 5826.96 | -97.55% |
| Diluted Normalized EPS | 0.67 | 2.98 | -77.52% | 41.08 | -98.37% |
