HINDUSTAN ZINC Announces Quarterly Results (2QFY20); Net Profit Up 14.7%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

HINDUSTAN ZINC Announces Quarterly Results (2QFY20); Net Profit Up 14.7%
Wed, 6 Nov

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

HINDUSTAN ZINC Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m47,77049,87045,110-9.5%-5.6%
Other incomeRs m3,9404,2905,90037.5%49.7%
TurnoverRs m51,71054,16051,010-5.8%-1.4%
ExpensesRs m24,43025,10023,940-4.6%-2.0%
Gross profitRs m23,34024,77021,170-14.5%-9.3%
DepreciationRs m4,5405,3405,95011.4%31.1%
InterestRs m0290250-13.8%0.0%
Profit before taxRs m22,74023,43020,870-10.9%-8.2%
TaxRs m4,5905,78060-99.0%-98.7%
Profit after taxRs m18,15017,65020,81017.9%14.7%
Gross profit margin%48.949.746.9
Effective tax rate%20.224.70.3
Net profit margin%35.132.640.8
* 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 5.6% on a year-on-year (YoY) basis. The expenses were down by 2.0% YoY during the same period.
  • The company's operating profit declined by 9.3% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 46.9% in 2QFY20 as against 48.9% in 2QFY19.
  • Depreciation charges increased by 31.1% and finance costs increased by 0.0% YoY, respectively.
  • Other income increased by 49.7% YoY during the quarter.
  • Net profit for the quarter increased by 14.7% YoY. Net profit margins during the quarter increased from 35.1% in 2QFY19 to 40.8% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 9.5% on a quarter-on-quarter (QoQ) basis. The expenses were down by 4.6% QoQ during the same period.
  • The company's operating profit declined by 14.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 46.9% in 2QFY20 as against 49.7% in 1QFY19.
  • Net profit for the quarter increased by 17.9% QoQ, while net profit margins increased from 32.6% in 1QFY19 to 40.8% in 2QFY20.

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

FREE WebSummit: Is Gold Set to Hit Rs 75,000?

HINDUSTAN ZINC Share Price Performance

Over the last one year,HINDUSTAN ZINC share price has moved down from Rs 264.6 to Rs 207.0, registering a Loss of Rs 57.6 or around 21.8%.

Overall, the S&P BSE SENSEX is up 14.7% over the year.

Current Valuations

At the current price of Rs 207.0, the price to earnings (P/E) ratio of HINDUSTAN ZINC stands at 10.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.6 times.

Equitymaster requests your view! Post a comment on "HINDUSTAN ZINC Announces Quarterly Results (2QFY20); Net Profit Up 14.7%". Click here!

  

Related Views on News

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.

More Views on News

Most Popular

Protect Your Wealth from Fund Managers(Fast Profits Daily)

May 14, 2020

Do you know how much you are paying in fees to your mutual fund? In this video I'll share with you my views.

What the RBI's Rate Cut Means for Options Traders(Fast Profits Daily)

May 25, 2020

The RBI governor has cut the repo rate to 4%. What does this mean for options traders? Find out in this video.

This 'Essential Product' Smallcap is a Must Have for a 'Covid-19' Immune Portfolio(Profit Hunter)

May 19, 2020

This smallcap company needs no stimulus measures to do well in the long term.

Which Stocks Should You Buy, Sell, and Hold in the Market Today?(Profit Hunter)

May 21, 2020

The coronavirus led uncertainty refuses to go away from the markets. Here's what retail investors should do with their stocks...

Why Buffet - and you - should study Quantum Liquid Fund(The Honest Truth)

May 14, 2020

Ajit Dayal on how Quantum Liquid Fund and Warren Buffett have similar investing styles.

More

Get Rich as the
Market Rebounds from Covid-19

Coronavirus Rebound
Get this special guide, authored by Equitymaster's top analysts, now.
We will never sell or rent your email id.
Please read our Terms

HINDUSTAN ZINC SHARE PRICE


May 27, 2020 (Close)

TRACK HINDUSTAN ZINC

  • Track your investment in HINDUSTAN ZINC with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

MORE ON HINDUSTAN ZINC

HINDUSTAN ZINC 8-QTR ANALYSIS

COMPARE HINDUSTAN ZINC WITH

MARKET STATS