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Gujarat Petrosynthese Q1 Results Leading to a Loss (Before Tax) of 0.91 Crore INR

Gujarat Petrosynthese's Q1 results for 2024-2025 show a decrease in revenue and an increase in expenses, leading to a loss before tax of 0.91 crore INR.   

by Ruksana

Updated Aug 09, 2024

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Gujarat Petrosynthese Q1 Results Leading to a Loss (Before Tax) of 0.91 Crore INR

Gujarat Petrosynthese reported mixed results in the first quarter of the financial year. Gujarat Petrosynthese revenue from the sale of goods and services was 48.60 crore INR. This was a bit lower compared to the previous quarter, where the revenue was 50.74 crore INR. However, the revenue increased significantly from the same quarter last year when it was only 23.27 crore INR.

Other income for the quarter was 0.08 crore INR, a slight increase from 0.04 crore INR in the previous quarter but similar to 0.07 crore INR in the same quarter last year. The total income for the quarter was 48.68 crore INR, which is a small decrease from 50.78 crore INR in the previous quarter but an improvement from 23.34 crore INR in the same quarter last year.

Expenses for the quarter were 49.59 crore INR, which was higher than 49.61 crore INR in the previous quarter and 25.72 crore INR in the same quarter last year. This increase in expenses, combined with the decrease in revenue, led to a loss before tax of 0.91 crore INR. This is an improvement compared to the previous quarter's profit of 1.17 crore INR and a significant improvement from the loss of 2.38 crore INR in the same quarter last year.

Source: Here

Gujarat Petrosynthese Q1 Results 2024-2025 

The Gujarat Petrosynthese performance for this quarter shows a decrease in revenue and an increase in expenses compared to the previous quarter, resulting in a loss. The total comprehensive income, which includes both profit and other comprehensive income, is -0.90 crore INR. The earnings per share, both basic and diluted, are -0.90 INR.

Gujarat Petrosynthese reported the following financial results for the first quarter  2024-2025:

Particulars

30.06.2024 (Unaudited)

INCOME FROM OPERATIONS

Revenue from Sale of Goods and Services

48.60 crore INR

Other Income

0.08 crore INR

TOTAL INCOME

48.68 crore INR

EXPENSES

Cost of Materials Consumed

47.98 crore INR

Purchase of Stock in Trade

0.00 crore INR

Changes in Inventories of Finished Goods, WIP

-0.55 crore INR

Employee Benefits Expenses

1.49 crore INR

Finance Costs

0.00 crore INR

Depreciation and Amortization Expenses

0.00 crore INR

Other Expenses

0.67 crore INR

TOTAL EXPENSES

49.59 crore INR

PROFIT/(LOSS) BEFORE TAX

-0.91 crore INR

PROFIT/(LOSS) FOR THE PERIOD

-0.91 crore INR

OTHER COMPREHENSIVE INCOME (OCI)

Items that will not be reclassified to profit/loss

0.01 crore INR

TOTAL COMPREHENSIVE INCOME

-0.90 crore INR

Earning per Equity Share

Basic

-0.90 INR

Diluted

-0.90 INR

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Gujarat Petrosynthese Financial Overview

Gujarat Petrosynthesei's important financial details are shown in the table below.  The market cap is ₹44.2 crore, meaning the total value of all shares is this amount. The current stock price is ₹74. The highest price the stock reached was ₹98, while the lowest was ₹33.1. The Price-to-Earnings (P/E) ratio is 34.2, which compares the stock price to its earnings. 

Here is the financial summary:

Metric

Value

Market Cap

₹44.2 Cr.

Current Price

₹74.0

High / Low

₹98.0 / ₹33.1

Stock P/E

34.2

Book Value

₹81.2

Dividend Yield

0.00%

ROCE

2.73%

ROE

3.46%

Face Value

₹10.0

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Quarterly Results 

Gujarat Petrosynthese financial performance over three quarters is given in the table.. Sales increased from 3.26 in December 2023 to 4.05 in June 2024. However, expenses also went up, leading to higher losses in operating profit. The operating profit margin improved in June 2024. Other income remained steady, and depreciation was slightly higher. 

Here's a simplified summary of the financial results:

Particulars

Dec 2023

Mar 2024

Jun 2024

Sales

3.26

3.19

4.05

Expenses

3.74

3.83

4.15

Operating Profit

-0.48

-0.64

-0.10

OPM %

-14.72%

-20.06%

-2.47%

Other Income

0.76

0.79

0.79

Interest

0.00

0.00

0.00

Depreciation

0.06

0.08

0.08

Profit Before Tax

0.22

0.07

0.61

Tax %

-218.18%

-85.71%

118.03%

Net Profit

0.69

0.14

-0.11

EPS in Rs

1.16

0.23

-0.18

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About Gujarat Petrosynthese 

Gujarat Petrosynthese is a company that makes special plastic materials called Polymer Alloys and Blends. It is located in Bangalore, India, and was set up in 1996. GPL is certified with ISO 9001:2015 and ISO 14001:2015, which means it meets high standards for quality and environmental care.

Gujarat Petrosynthese works with Chenguang Research Institute of Chemical Industry from China and China National Blue Star Co. They help Gujarat Petrosynthese with technology and also own part of the company.

Gujarat Petrosynthese uses advanced machines and equipment imported from China to make its products. This includes Twin Screw Extruders, a testing lab with modern tools like an injection molding machine, a universal testing machine, and a color matching spectrophotometer.

Gujarat Petrosynthese started as Karnataka Petrosynthese and began production in December 1996. It merged with Gujarat Petrosynthese in 2002 to become its Polymer Blends and Alloys Division. Gujarat Petrosynthese makes various types of modified plastics, such as Modified Polycarbonate and Modified PVC.

These products are used in many industries like automobiles, textiles, electronics, and consumer goods. Gujarat Petrosynthese aims to meet customer needs with high-quality products and strong support.


Gujarat Petrosynthese Q1 Results - FAQ

1. What was Gujarat Petrosynthese’s revenue in Q1 2024?  

The revenue of Gujarat Petrosynthese was 48.60 crore INR.

2. How did Gujarat Petrosynthese’s revenue in Q1 2024 compare to the previous quarter?

The revenue was slightly lower than the previous quarter’s 50.74 crore INR.

3. What were the total expenses for Gujarat Petrosynthese in Q1 2024?

The total expenses of Gujarat Petrosynthese were 49.59 crore INR.

4. Did Gujarat Petrosynthese make a profit or a loss in Q1 2024?

Gujarat Petrosynthese made a loss of 0.91 crore INR.

5. What was the highest price of Gujarat Petrosynthese stock?

The highest price of Gujarat Petrosynthese was ₹98.

6. What is the Price-to-Earnings (P/E) ratio of Gujarat Petrosynthese?

The P/E ratio of Gujarat Petrosynthese is 34.2.

7. What is Gujarat Petrosynthese’s dividend yield?

The dividend yield of Gujarat Petrosynthese is 0.00%.

8. What is the book value of Gujarat Petrosynthese’s stock?

The book value of Gujarat Petrosynthese is ₹81.2.

9. How did Gujarat Petrosynthese’s operating profit margin change in June 2024?  

The operating profit margin of Gujarat Petrosynthese improved to -2.47% in June 2024.

10. What were Gujarat Petrosynthese’s sales figures in December 2023?  

The sales of Gujarat Petrosynthese were 3.26 crore INR in December 2023.

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