Gandhar Oil Refinery's Q1 FY25 financial results show decline in profitability and efficiency

Gandhar Oil Refinery (India) recently announced its financial results for the quarter ending March 2024. The company, which operates in the oil exploration and refining industry, is classified as a smallcap company.

According to the financial report, the company’s profit before tax (PBT) has fallen by 73.1% to Rs 14.42 crore compared to the average PBT of the previous four quarters, which was Rs 53.53 crore. This indicates a negative trend in the near term for PBT. Similarly, the profit after tax (PAT) has also decreased by 76.2% to Rs 9.14 crore compared to the average PAT of the previous four quarters, which was Rs 38.39 crore.

The company’s operating profit to interest ratio has also reached its lowest point in the last five quarters, standing at 2.46 times. This suggests that the company’s ability to manage interest payments is deteriorating. Additionally, the net sales for the quarter were at Rs 939.24 crore, the lowest in the last five quarters, indicating a negative trend in the near term.

The operating profit (PBDIT) for the quarter was also at its lowest point in the last five quarters, standing at Rs 33.60 crore. The operating profit margin was also at its lowest at 3.58%, indicating a decline in the company’s efficiency.

The company’s earnings per share (EPS) for the quarter were at Rs 0.93, the lowest in the last five quarters. This suggests a decline in profitability and lower earnings for shareholders.

Based on these financial results, MarketsMOJO has given a ‘Hold’ call for the company’s stock. It is important to note that this article is based on facts and does not include any external data or sources. It is intended to provide neutral and informative information about Gandhar Oil Refinery’s financial performance in the last quarter.