2024-11-08 12:14:48 :
Gujarat Petroleum Corporation second quarter results live release: Gujarat Petroleum Corporation has announced its second quarter results for FY24, with both revenue and profit falling sharply. The company announced its financial results on November 7, 2024, in which revenue fell by 5.71% year-on-year and profits dropped significantly by 38.04%.
Compared with the previous quarter, the company’s decline was more obvious, with revenue falling by 14.98% and profit falling by 24.88%. The results illustrate the continued challenges the company faces in a volatile market environment.
The company’s sales, general and administrative expenses increased slightly by 3.48% month-on-month and 1.94% year-on-year, putting further pressure on profitability. In addition, operating income fell by 20.67% month-on-month and 29.5% year-on-year, reflecting more severe operating conditions.
Second quarter earnings per share (EPS) were $4.99, a year-on-year decrease of 38.09%. The decline in earnings per share indicates concerns about future profitability and could affect investor sentiment.
Despite disappointing quarterly results, Gujarat Petroleum Corporation has returned 0.33% over the past week, taking it to 34.25% over the past six months and 27.58% year-to-date. The numbers illustrate a complex investing landscape as investors weigh near-term performance against long-term gains.
The company’s current market capitalization is $22,026.81 billion rupees, a new 52-week high $469.7 and lowest $260.05. The numbers underscore the stock’s volatility in recent months.
As of November 8, 2024, analysts covering Gujarat Petroleum Corporation were in unanimous opinion on the stock, with 1 analysts rating it a Strong Sell, 3 rating it a Sell, and 11 rating it a Sell. It is rated a Hold, 4 analysts rate it a Buy, and 2 rate it a Strong Buy. The mixed outlook reflects uncertainty about the company’s future performance.
Gujarat Petroleum Corporation Financial Status
| period | Q2 | Q1 | month-on-month growth | Q2 | year-on-year growth |
|---|---|---|---|---|---|
| total revenue | 4159.02 | 4891.54 | -14.98% | 4410.97 | -5.71% |
| Total Selling/General/Administrative Expenses | 68.88 | 66.56 | +3.48% | 67.57 | +1.94% |
| Depreciation/Amortization | 178.8 | 171.4 | +4.32% | 165 | +8.36% |
| total operating expenses | 3631.14 | 4226.1 | -14.08% | 3662.24 | -0.85% |
| operating income | 527.88 | 665.43 | -20.67% | 748.73 | -29.5% |
| net income before tax | 576.78 | 711.56 | -18.94% | 789.14 | -26.91% |
| net income | 281.67 | 374.97 | -24.88% | 454.62 | -38.04% |
| Diluted normalized earnings per share | 4.99 | 6.65 | -24.96% | 8.06 | -38.09% |
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