HINDUSTAN ZINC Announces Quarterly Results (2QFY21); Net Profit Down 6.8%

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HINDUSTAN ZINC Announces Quarterly Results (2QFY21); Net Profit Down 6.8%
Thu, 22 Oct

HINDUSTAN ZINC has announced its results for the quarter ended September 2020. Here is a detailed performance review of the same:

HINDUSTAN ZINC Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-19*
3
Jun-20*
3
Sep-20*
QoQ ChangeYoY Change
Net SalesRs m45,11039,89056,60041.9%25.5%
Other incomeRs m5,9006,8403,900-43.0%-33.9%
TurnoverRs m51,01046,73060,50029.5%18.6%
ExpensesRs m23,94024,13027,08012.2%13.1%
Gross profitRs m21,17015,76029,52087.3%39.4%
DepreciationRs m5,9505,4406,52019.9%9.6%
InterestRs m25052068030.8%172.0%
Profit before taxRs m20,87016,64026,22057.6%25.6%
TaxRs m603,0506,820123.6%11266.7%
Profit after taxRs m20,81013,59019,40042.8%-6.8%
Gross profit margin%46.939.552.2
Effective tax rate%0.318.326.0
Net profit margin%40.829.132.1
* 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 grew 25.5% on a year-on-year (YoY) basis. The expenses were up by 13.1% YoY during the same period.
  • The company's operating profit increased by 39.4% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 52.2% in 2QFY21 as against 46.9% in 2QFY20.
  • Depreciation charges increased by 9.6% and finance costs increased by 172.0% YoY, respectively.
  • Other income declined by 33.9% YoY during the quarter.
  • Net profit for the quarter declined by 6.8% YoY. Net profit margins during the quarter declined from 40.8% in 2QFY20 to 32.1% in 2QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 41.9% on a quarter-on-quarter (QoQ) basis. The expenses were up by 12.2% QoQ during the same period.
  • The company's operating profit increased by 87.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 52.2% in 2QFY21 as against 39.5% in 1QFY20.
  • Net profit for the quarter increased by 42.8% QoQ, while net profit margins increased from 29.1% in 1QFY20 to 32.1% in 2QFY21.

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

LIVE on April 23rd: Has Covid impacted India's long-term growth potential?

HINDUSTAN ZINC Share Price Performance

Over the last one year, HINDUSTAN ZINC share price has moved up from Rs 210.0 to Rs 235.0, registering a Gain of Rs 25.1 or around 11.9%.

Overall, the S&P BSE SENSEX is up 4.1% over the year.

Current Valuations

At the current price of Rs 235.0, the price to earnings (P/E) ratio of HINDUSTAN ZINC stands at 15.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.0 times.

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Related Views on News

HINDUSTAN ZINC Announces Quarterly Results (3QFY21); Net Profit Up 35.8% (Quarterly Result Update)

Jan 21, 2021 | Updated on Jan 21, 2021

For the quarter ended December 2020, HINDUSTAN ZINC has posted a net profit of Rs 22 bn (up 35.8% YoY). Sales on the other hand came in at Rs 60 bn (up 29.1% YoY). Read on for a complete analysis of HINDUSTAN ZINC's quarterly results.

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.

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