Hindustan Petroleum Corporation Ltd's Q2FY17 standalone net profit rises to Rs.701 crore : Estimates Mixed

India Infoline Research Team | November 15, 2016 13:05 IST

Hindustan Petroleum Corporation Ltd Q2FY17

Standalone Results Q2FY17: (Rs. in crore)

Q2FY17 YoY (%)
Revenue 47,750 3.1
EDITDA 1,260 na
EBITDA Margin (%) 2.6 277
Net Profit (adjusted) 701 na
***EBITDA margin change is bps


Hindustan Petroleum Corporation Ltd’s Q2FY17 result beats top-line and misses bottom-line market consensus. The street was expecting top-line decline of ~1% yoy and bottom-line to grow to Rs 1076 cr.

The net revenue for the quarter grew by 3.1% yoy to Rs 47750 cr.

Average GRM for Q2FY17 was $5.12/bbl as against $5.45/bbl last year.

The EBITDA grew yoy to Rs 1260 cr due to lower purchase of raw materials. The consolidated EBITDA margin grew by 277 bps yoy and stood at 2.6% in Q2FY17.

The net profit grew to Rs 701 cr against loss of Rs 317 last year.

Technical View:

Hindustan Petroleum Corporation Ltd is currently trading at Rs. 419, down by 29.5 points or 6.58% from its previous closing of Rs. 448.5 on the BSE.
The scrip opened at Rs. 447 and has touched a high and low of Rs. 458.45 and Rs. 403.65 respectively. So far 7839842(NSE+BSE) shares were traded on the counter. The stock is currently trading above its 50 DMA.

BSE 431.15 [4.20] ([0.96]%)
NSE 432.05 [4.10] ([0.94]%)

***Note: This is a NSE Chart

 

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