2 weeks Ago
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.
