Gandhar Oil Refinery's Q4 2024 Financial Results Show Decline in Profitability and Negative Trends
Gandhar Oil Refinery (India) recently announced its financial results for the quarter ending March 2024. According to the data released on May 22, 2024, the company's stock has been given a 'Sell' call by MarketsMOJO.
The financials for the quarter show a decline in key areas for Gandhar Oil Refinery. The 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 seen a decline of 76.2% to Rs 9.14 crore, compared to the average PAT of the previous four quarters which was Rs 38.39 crore. This trend is also negative in the near term.
The company's ability to manage interest payments has also deteriorated, with the Operating Profit to Interest ratio being the lowest in the last five quarters at 2.46 times. The Net Sales for the quarter were also at their lowest in the last five quarters, at Rs 939.24 crore. This indicates a negative trend in the near term for sales.
The Operating Profit (PBDIT) for the quarter was also at its lowest in the last five quarters, at Rs 33.60 crore. The Operating Profit Margin was also at its lowest in the last five quarters, at 3.58%. This shows a decline in the company's efficiency.
Overall, the financial results for the quarter ending March 2024 do not paint a positive picture for Gandhar Oil Refinery. The company's profitability has declined, and the near term trends for key financial indicators are negative. This may be a cause for concern for shareholders.
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