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HINDUSTAN ZINC Announces Quarterly Results (1QFY19); Net Profit Up 2.2%

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HINDUSTAN ZINC Announces Quarterly Results (1QFY19); Net Profit Up 2.2%
Thu, 26 Jul

HINDUSTAN ZINC has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

HINDUSTAN ZINC Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m50,13062,77053,100-15.4%5.9%
Other incomeRs m5,3004,8602,990-38.5%-43.6%
TurnoverRs m55,43067,63056,090-17.1%1.2%
ExpensesRs m26,29026,57025,970-2.3%-1.2%
Gross profitRs m23,84035,69027,130-24.0%13.8%
DepreciationRs m3,6004,5903,870-15.7%7.5%
InterestRs m1,370450150-66.7%-89.1%
Profit before taxRs m24,17035,51026,100-26.5%8.0%
TaxRs m5,41010,4606,920-33.8%27.9%
Profit after taxRs m18,76025,05019,180-23.4%2.2%
Gross profit margin%47.656.951.1
Effective tax rate%22.429.526.5
Net profit margin%33.837.034.2
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 5.9% on a year-on-year (YoY) basis. The expenses were down by 1.2% YoY during the same period.
  • The company's operating profit increased by 13.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 51.1% in 1QFY19 as against 47.6% in 1QFY18.
  • Depreciation charges and finance costs increased by 7.5% YoY and 89.1% YoY, respectively.
  • Other income declined by 43.6% YoY during the quarter.
  • Net profit for the quarter increased by 2.2% YoY. Net profit margins during the quarter increased from 33.8% in 1QFY18 to 34.2% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 15.4% on a quarter-on-quarter (QoQ) basis. The expenses were down by 2.3% QoQ during the same period.
  • The company's operating profit declined by 24.0% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 51.1% in 1QFY19 as against 56.9% in 4QFY18.
  • Net profit for the quarter declined by 23.4% QoQ, while net profit margins declined from 37.0% in 4QFY18 to 34.2% in 1QFY19.

To see how HINDUSTAN ZINC has performed over the last eight quarters, please visit here.

HINDUSTAN ZINC Share Price Performance

Over the last one year, HINDUSTAN ZINC share price has moved up from Rs 284.6 to Rs 280.6, registering a Loss of Rs 4.0 or around 1.4%.

Overall, the S&P BSE SENSEX is up 0.4% over the year.

Current Valuations

At the current price of Rs 280.6, the price to earnings (P/E) ratio of HINDUSTAN ZINC stands at 12.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.8 times.

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Related Views on News

HINDUSTAN ZINC Announces Quarterly Results (1QFY20); Net Profit Down 8.0% (Quarterly Result Update)

Jul 22, 2019 | Updated on Jul 22, 2019

For the quarter ended June 2019, HINDUSTAN ZINC has posted a net profit of Rs 18 bn (down 8.0% YoY). Sales on the other hand came in at Rs 50 bn (down 6.1% YoY). Read on for a complete analysis of HINDUSTAN ZINC's quarterly results.

HINDUSTAN ZINC Announces Quarterly Results (4QFY19); Net Profit Down 19.7% (Quarterly Result Update)

May 7, 2019 | Updated on May 7, 2019

For the quarter ended March 2019, HINDUSTAN ZINC has posted a net profit of Rs 20 bn (down 19.7% YoY). Sales on the other hand came in at Rs 55 bn (down 12.5% YoY). Read on for a complete analysis of HINDUSTAN ZINC's quarterly results.

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