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

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HINDUSTAN ZINC Announces Quarterly Results (1QFY20); Net Profit Down 8.0%
Mon, 22 Jul

HINDUSTAN ZINC has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

HINDUSTAN ZINC Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m53,10054,91049,870-9.2%-6.1%
Other incomeRs m2,9905,3904,290-20.4%43.5%
TurnoverRs m56,09060,30054,160-10.2%-3.4%
ExpensesRs m25,97027,02025,100-7.1%-3.4%
Gross profitRs m27,13027,89024,770-11.2%-8.7%
DepreciationRs m3,8705,5305,340-3.4%38.0%
InterestRs m150510290-43.1%93.3%
Profit before taxRs m26,10027,24023,430-14.0%-10.2%
TaxRs m6,9207,1205,780-18.8%-16.5%
Profit after taxRs m19,18020,12017,650-12.3%-8.0%
Gross profit margin%51.150.849.7
Effective tax rate%26.526.124.7
Net profit margin%34.233.432.6
* 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 fell 6.1% on a year-on-year (YoY) basis. The expenses were down by 3.4% YoY during the same period.
  • The company's operating profit declined by 8.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 49.7% in 1QFY20 as against 51.1% in 1QFY19.
  • Depreciation charges increased by 38.0% and finance costs increased by 93.3% YoY, respectively.
  • Other income increased by 43.5% YoY during the quarter.
  • Net profit for the quarter declined by 8.0% YoY. Net profit margins during the quarter declined from 34.2% in 1QFY19 to 32.6% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 9.2% on a quarter-on-quarter (QoQ) basis. The expenses were down by 7.1% QoQ during the same period.
  • The company's operating profit declined by 11.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 49.7% in 1QFY20 as against 50.8% in 4QFY19.
  • Net profit for the quarter declined by 12.3% QoQ, while net profit margins declined from 33.4% in 4QFY19 to 32.6% in 1QFY20.

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 down from Rs 265.3 to Rs 228.0, registering a Loss of Rs 37.3 or around 14.1%.

Overall, the S&P BSE SENSEX is up 4.7% over the year.

Current Valuations

At the current price of Rs 228.0, the price to earnings (P/E) ratio of HINDUSTAN ZINC stands at 12.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.7 times.

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HINDUSTAN ZINC Announces Quarterly Results (4QFY20); Net Profit Down 33.4% (Quarterly Result Update)

May 27, 2020 | Updated on May 27, 2020

For the quarter ended March 2020, HINDUSTAN ZINC has posted a net profit of Rs 13 bn (down 33.4% YoY). Sales on the other hand came in at Rs 44 bn (down 20.0% YoY). Read on for a complete analysis of HINDUSTAN ZINC's quarterly results.

HINDUSTAN ZINC Announces Quarterly Results (3QFY20); Net Profit Down 26.7% (Quarterly Result Update)

Jan 21, 2020 | Updated on Jan 21, 2020

For the quarter ended December 2019, HINDUSTAN ZINC has posted a net profit of Rs 16 bn (down 26.7% YoY). Sales on the other hand came in at Rs 47 bn (down 15.7% YoY). Read on for a complete analysis of HINDUSTAN ZINC's quarterly results.

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