HINDUSTAN ZINC Announces Quarterly Results (2QFY22); Net Profit Up 4.0%

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HINDUSTAN ZINC Announces Quarterly Results (2QFY22); Net Profit Up 4.0%
Tue, 26 Oct

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

HINDUSTAN ZINC Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-20*
3
Jun-21*
3
Sep-21*
QoQ ChangeYoY Change
Net SalesRs m56,60065,31061,220-6.3%8.2%
Other incomeRs m3,9003,4903,110-10.9%-20.3%
TurnoverRs m60,50068,80064,330-6.5%6.3%
ExpensesRs m27,08029,73027,870-6.3%2.9%
Gross profitRs m29,52034,24033,350-2.6%13.0%
DepreciationRs m6,5206,5807,0206.7%7.7%
InterestRs m680920820-10.9%20.6%
Profit before taxRs m26,22030,23028,620-5.3%9.2%
TaxRs m6,82010,4008,450-18.8%23.9%
Profit after taxRs m19,40019,83020,1701.7%4.0%
Gross profit margin%52.252.454.5
Effective tax rate%26.034.429.5
Net profit margin%32.128.831.4
* 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 8.2% on a year-on-year (YoY) basis. The expenses were up by 2.9% YoY during the same period.
  • The company's operating profit increased by 13.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 54.5% in 2QFY22 as against 52.2% in 2QFY21.
  • Depreciation charges increased by 7.7% and finance costs increased by 20.6% YoY, respectively.
  • Other income declined by 20.3% YoY during the quarter.
  • Net profit for the quarter increased by 4.0% YoY. Net profit margins during the quarter declined from 32.1% in 2QFY21 to 31.4% in 2QFY22.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 6.3% on a quarter-on-quarter (QoQ) basis. The expenses were down by 6.3% QoQ during the same period.
  • The company's operating profit declined by 2.6% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 54.5% in 2QFY22 as against 52.4% in 1QFY21.
  • Net profit for the quarter increased by 1.7% QoQ, while net profit margins increased from 28.8% in 1QFY21 to 31.4% in 2QFY22.

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 236.5 to Rs 323.3, registering a Gain of Rs 86.8 or around 36.7%.

Overall, the S&P BSE SENSEX is up 51.0% over the year.

Current Valuations

At the current price of Rs 323.3, the price to earnings (P/E) ratio of HINDUSTAN ZINC stands at 15.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.2 times.

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