HINDUSTAN ZINC Announces Quarterly Results (1QFY22); Net Profit Up 45.9%

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HINDUSTAN ZINC Announces Quarterly Results (1QFY22); Net Profit Up 45.9%
Mon, 26 Jul

HINDUSTAN ZINC has announced its results for the quarter ended June 2021. Here is a detailed performance review of the same:

HINDUSTAN ZINC Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-20*
3
Mar-21*
3
Jun-21*
QoQ ChangeYoY Change
Net SalesRs m39,89069,47065,310-6.0%63.7%
Other incomeRs m6,8402,9503,49018.3%-49.0%
TurnoverRs m46,73072,42068,800-5.0%47.2%
ExpensesRs m24,13030,72029,730-3.2%23.2%
Gross profitRs m15,76038,75034,240-11.6%117.3%
DepreciationRs m5,4406,9606,580-5.5%21.0%
InterestRs m5201,310920-29.8%76.9%
Profit before taxRs m16,64033,43030,230-9.6%81.7%
TaxRs m3,0508,62010,40020.6%241.0%
Profit after taxRs m13,59024,81019,830-20.1%45.9%
Gross profit margin%39.555.852.4
Effective tax rate%18.325.834.4
Net profit margin%29.134.328.8
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 63.7% on a year-on-year (YoY) basis. The expenses were up by 23.2% YoY during the same period.
  • The company's operating profit increased by 117.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 52.4% in 1QFY22 as against 39.5% in 1QFY21.
  • Depreciation charges increased by 21.0% and finance costs increased by 76.9% YoY, respectively.
  • Other income declined by 49.0% YoY during the quarter.
  • Net profit for the quarter increased by 45.9% YoY. Net profit margins during the quarter declined from 29.1% in 1QFY21 to 28.8% in 1QFY22.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 6.0% on a quarter-on-quarter (QoQ) basis. The expenses were down by 3.2% QoQ during the same period.
  • The company's operating profit declined by 11.6% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 52.4% in 1QFY22 as against 55.8% in 4QFY21.
  • Net profit for the quarter declined by 20.1% QoQ, while net profit margins declined from 34.3% in 4QFY21 to 28.8% in 1QFY22.

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

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HINDUSTAN ZINC Share Price Performance

Over the last one year, HINDUSTAN ZINC share price has moved up from Rs 200.4 to Rs 327.0, registering a Gain of Rs 126.6 or around 63.2%.

Overall, the S&P BSE SENSEX is up 39.6% over the year.

Current Valuations

At the current price of Rs 327.0, the price to earnings (P/E) ratio of HINDUSTAN ZINC stands at 16.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.3 times.

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