ISLAMABAD: Pakistan Petroleum Limited’s revenue from sales increased by 78% to Rs76.6 billion in the first quarter of the ongoing financial year 2022-23 (1QFY23) from Rs43.2 billion over the corresponding period of the previous fiscal.
The gross profit of the company also showed massive growth of 82% and settled at Rs48.6 billion in 1QFY23 compared to Rs26.7 billion recorded in 1QFY22.
The company posted a net profit of Rs26.6 billion in 1QFY23 compared to a profit of Rs17 billion over the corresponding period of FY22, showing a positive growth of 57% year-on-year, reports WealthPK.
Historical Ratio Analysis
The earnings per share (EPS) of the company demonstrated positive growth during recent years. During FY19, the EPS was Rs22.65, which decreased to Rs18.47 in FY20 and increased again to Rs19.27 in FY21. The EPS then slightly increased to Rs19.68 during FY22.
The price earnings growth (PEG) of the company also showed mixed trends as it increased to 1.61 in FY22 from 1.04 in FY21. The net profit margin (NPM) of the company also showed growth in recent years. During FY19, the NPM was 37.61%, which decreased to 31.89% in FY20, and increased to 35.32% in FY21. However, NPM decreased in FY22 and stood at 26.48%.
The main drivers of profitability were a major increase in sales revenue and other income, but they were offset by increased taxation, exploration costs, other charges, payment of royalties and levies, as well as recognition of a part of the associated loss.
About Company
Pakistan Petroleum Limited was incorporated in Pakistan in 1950 with the main objective of conducting exploration, prospecting, development, and production of oil and natural gas resources.
