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

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HINDUSTAN ZINC Announces Quarterly Results (3QFY19); Net Profit Down 0.9%
Tue, 22 Jan

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

HINDUSTAN ZINC Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m59,22047,77055,40016.0%-6.5%
Other incomeRs m2,9803,9405,50039.6%84.6%
TurnoverRs m62,20051,71060,90017.8%-2.1%
ExpensesRs m26,78024,43027,02010.6%0.9%
Gross profitRs m32,44023,34028,38021.6%-12.5%
DepreciationRs m4,8104,5404,8907.7%1.7%
InterestRs m17005100.0%200.0%
Profit before taxRs m30,44022,74028,48025.2%-6.4%
TaxRs m8,1404,5906,37038.8%-21.7%
Profit after taxRs m22,30018,15022,11021.8%-0.9%
Gross profit margin%54.848.951.2
Effective tax rate%26.720.222.4
Net profit margin%35.935.136.3
* 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 6.5% on a year-on-year (YoY) basis. The expenses were up by 0.9% YoY during the same period.
  • The company's operating profit declined by 12.5% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 51.2% in 3QFY19 as against 54.8% in 3QFY18.
  • Depreciation charges increased by 1.7% and finance costs increased by 200.0% YoY, respectively.
  • Other income increased by 84.6% YoY during the quarter.
  • Net profit for the quarter declined by 0.9% YoY. Net profit margins during the quarter increased from 35.9% in 3QFY18 to 36.3% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 16.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 10.6% QoQ during the same period.
  • The company's operating profit increased by 21.6% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 51.2% in 3QFY19 as against 48.9% in 2QFY18.
  • Net profit for the quarter increased by 21.8% QoQ, while net profit margins increased from 35.1% in 2QFY18 to 36.3% in 3QFY19.

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 292.8 to Rs 260.3, registering a Loss of Rs 32.5 or around 11.1%.

Overall, the S&P BSE SENSEX is up 1.7% over the year.

Current Valuations

At the current price of Rs 260.3, the price to earnings (P/E) ratio of HINDUSTAN ZINC stands at 13.0 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 (2QFY20); Net Profit Up 14.7% (Quarterly Result Update)

Nov 6, 2019 | Updated on Nov 6, 2019

For the quarter ended September 2019, HINDUSTAN ZINC has posted a net profit of Rs 21 bn (up 14.7% YoY). Sales on the other hand came in at Rs 45 bn (down 5.6% YoY). Read on for a complete analysis of HINDUSTAN ZINC's quarterly results.

HINDUSTAN ZINC Announces Quarterly Results (1QFY20); Net Profit Down 8.0% (Quarterly Result Update)

Jul 22, 2019 | Updated on Jul 22, 2019

For the quarter ended June 2019, HINDUSTAN ZINC has posted a net profit of Rs 18 bn (down 8.0% YoY). Sales on the other hand came in at Rs 50 bn (down 6.1% YoY). Read on for a complete analysis of HINDUSTAN ZINC's quarterly results.

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