MARI: 2nd Quarter Earning Release - Dec 2022

MARI earned Rs. 83.6  per share in the second quarter ending December 2022. The company also announced a cash dividend of Rs. 89 per share.

EPS in second quarter was almost 12% down on Ist quarter, but increased 49% on the same quarter last Year. MARI boosted the cash dividend to Rs. 89 in Dec 22 compared to Rs. 62 per share in December 2021.

Sales was down more than 8% compared to the Ist quarter. Exploration Cost in the 2nd quarter was substantially higher than first quarter this year.

MARI: Mari Petroleum Co	ttm	Dec22	Sep22	Jun22	Mar22	Dec21
		Q2 - 2023	Q1 - 2023	Q4 - 2022	Q3 - 2022	Q2 - 2022
EPS (Rs.)	303	83.56	95.31	42.01	81.63	56.00
Cash Dividend (Rs./share)	151	89	0	62	0	62
Net Income After Taxes (RsMill)	40,355	11,147	12,715	5,604	10,889	7,471

MARI's twelve-month trailing EPS is now Rs. 303 and a twelve-month trailing cash dividend is Rs. 151 per share, translating into a  PE of 4.94 and a dividend yield of 10.1%.

At times the Company's production is hampered by rains, floods, security situation, power sector low demand, or Urea manufacturers planned maintenance shut downs.

MARI: Mari Petroleum Co	qoq%	Dec22	Sep22	Jun22	Mar22	Dec21
		Q2 - 2023	Q1 - 2023	Q4 - 2022	Q3 - 2022	Q2 - 2022
Net Sales	-8.3%	29,177	31,825	27,517	25,199	21,692
Gross Profit / Loss	-15.1%	17,472	20,588	40,502	15,623	13,945
Operating Profit / Loss	-28.2%	13,789	19,206	23,393	9,304	9,841
Financial Charges	-1.8%	432	440	2,915	245	244
Profit Before Taxation	-12.9%	16,827	19,325	12,585	15,003	11,481
Taxation	-14.1%	-5,680	-6,610	-6,982	-4,114	-4,010
Profit After Tax	-12.3%	11,147	12,715	5,604	10,889	7,471
EPS (Rs.)	-12.3%	83.56	95.31	42.01	81.63	56.00
Cash Dividend (Rs./share)		89	0	62	0	62
GP Margin		59.9%	64.7%	147.2%	62.0%	64.3%
Tax Rate		-33.8%	-34.2%	-55.5%	-27.4%	-34.9%
Sales growth		-8.3%	15.7%	9.2%	16.2%
EBIT Growth		-12.7%	27.5%	1.7%	30.1%

HY Report Dec2022

2nd Q (Dec22) Earning Release