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Hindustan Zinc: Weak Mining Hurts Performance - Views on News from Equitymaster
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Hindustan Zinc: Weak Mining Hurts Performance
Jul 22, 2016

Hindustan Zinc has announced the fourth quarter results financial year 2016-2017 (1QFY17). While the topline declined by 30.3% YoY, the bottomline has also declined by 46.6% YoY.

Performance summary:
  • Income from operations declined by 30.3% YoY during 1QFY17.
  • Operating profit declined by 32.2% YoY and operating profit margin stood at 45%.
  • Net profit also declined by 46.6% YoY on the back of decline in the operating profit, increase in finance cost, depreciation and tax outgo.
  • Other income increased marginally by 4.6%.

    Financial Snapshot
    (Rs mn) 1QFY16 1QFY17 Change
    Total Income 36,302 25,306 -30.3%
    Total Expenses 19,628 13,998 -28.7%
    Operating profit (EBITDA) 16,673 11,309 -32.2%
    Operating profit margin (%) 46% 45%
    Other income 5,831 6,101 4.6%
    Interest 16 712 4323.6%
    Depreciation 1,729 3,644 110.8%
    Profit before tax & exceptional items 20,759 13,053 -37.1%
    Exceptional Item 70 5
    Tax 1,287 2,680
    Net Profit 19,401 10,369 -46.6%
    Net profit margin (%) 53.4% 41.0%
    No. of shares (m) 4225
    Basic diluted earnings per share (Rs) ^ 17.2
    P/E ratio (x) * 11.2

    * On trailing 12 month basis

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