Dorian LPG Ltd (LPG)
Net profit margin
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 307,447 | 172,444 | 71,935 | 92,565 | 111,841 |
| Revenue | US$ in thousands | 560,717 | 389,749 | 274,221 | 315,939 | 333,430 |
| Net profit margin | 54.83% | 44.24% | 26.23% | 29.30% | 33.54% |
March 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $307,447K ÷ $560,717K
= 54.83%
Dorian LPG Ltd's net profit margin has shown fluctuations over the past five years, ranging from 26.23% in 2022 to a high of 54.83% in 2024. This metric indicates the company's ability to generate profit from its revenue, with a higher percentage reflecting more efficient cost management. The significant increase in net profit margin from 2023 to 2024 suggests improved profitability, possibly due to cost-cutting measures or revenue growth. However, it's important to further investigate the underlying factors contributing to these fluctuations to gain a better understanding of Dorian LPG Ltd's financial performance.