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HINDUSTAN ZINC Announces Quarterly Results (2QFY19); Net Profit Down 28.7%

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HINDUSTAN ZINC Announces Quarterly Results (2QFY19); Net Profit Down 28.7%
Fri, 9 Nov

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

HINDUSTAN ZINC Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m53,09053,10047,770-10.0%-10.0%
Other incomeRs m4,8702,9903,94031.8%-19.1%
TurnoverRs m57,96056,09051,710-7.8%-10.8%
ExpensesRs m22,85025,97024,430-5.9%6.9%
Gross profitRs m33,15027,13023,340-14.0%-29.6%
DepreciationRs m3,9403,8704,54017.3%15.2%
InterestRs m8401500-100.0%-100.0%
Profit before taxRs m33,24026,10022,740-12.9%-31.6%
TaxRs m7,7906,9204,590-33.7%-41.1%
Profit after taxRs m25,45019,18018,150-5.4%-28.7%
Gross profit margin%62.451.148.9
Effective tax rate%23.426.520.2
Net profit margin%43.934.235.1
* 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 10.0% on a year-on-year (YoY) basis. The expenses were up by 6.9% YoY during the same period.
  • The company's operating profit declined by 29.6% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 48.9% in 2QFY19 as against 62.4% in 2QFY18.
  • Depreciation charges increased by 15.2% and finance costs declined by 100.0% YoY, respectively.
  • Other income declined by 19.1% YoY during the quarter.
  • Net profit for the quarter declined by 28.7% YoY. Net profit margins during the quarter declined from 43.9% in 2QFY18 to 35.1% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 10.0% on a quarter-on-quarter (QoQ) basis. The expenses were down by 5.9% QoQ during the same period.
  • The company's operating profit declined by 14.0% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 48.9% in 2QFY19 as against 51.1% in 1QFY18.
  • Net profit for the quarter declined by 5.4% QoQ, while net profit margins increased from 34.2% in 1QFY18 to 35.1% in 2QFY19.

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 314.3 to Rs 263.8, registering a Loss of Rs 50.5 or around 16.1%.

Overall, the S&P BSE SENSEX is up 5.3% over the year.

Current Valuations

At the current price of Rs 263.8, the price to earnings (P/E) ratio of HINDUSTAN ZINC stands at 13.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.1 times.

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Related Views on News

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.

HINDUSTAN ZINC Announces Quarterly Results (3QFY19); Net Profit Down 0.9% (Quarterly Result Update)

Jan 22, 2019 | Updated on Jan 22, 2019

For the quarter ended December 2018, HINDUSTAN ZINC has posted a net profit of Rs 22 bn (down 0.9% YoY). Sales on the other hand came in at Rs 55 bn (down 6.5% YoY). Read on for a complete analysis of HINDUSTAN ZINC's quarterly results.

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