Hindustan Petroleum Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Hindustan Petroleum (NSE:HINDPETRO) Third Quarter 2024 Results

Key Financial Results

• Revenue: ₹1.19t (up 8.5% from 3Q 2023).
• Net income: ₹7.13b (up 61% from 3Q 2023).
• Profit margin: 0.6% (up from 0.4% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: ₹5.03 (up from ₹3.14 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Hindustan Petroleum Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 22%. Earnings per share (EPS) missed analyst estimates by 85%.

Looking ahead, revenue is expected to decline by 2.5% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in India are expected to grow by 6.0%.

Performance of the Indian Oil and Gas industry.

The company's shares are down 7.5% from a week ago.

Risk Analysis

Before you take the next step you should know about the 3 warning signs for Hindustan Petroleum (1 is potentially serious!) that we have uncovered.

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