HINDUSTAN ZINC Announces Quarterly Results (3QFY20); Net Profit Down 26.7%

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HINDUSTAN ZINC Announces Quarterly Results (3QFY20); Net Profit Down 26.7%
Tue, 21 Jan

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

HINDUSTAN ZINC Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m55,40045,11046,7203.6%-15.7%
Other incomeRs m5,5005,9004,450-24.6%-19.1%
TurnoverRs m60,90051,01051,1700.3%-16.0%
ExpensesRs m27,02023,94023,830-0.5%-11.8%
Gross profitRs m28,38021,17022,8908.1%-19.3%
DepreciationRs m4,8905,9505,9700.3%22.1%
InterestRs m51025042068.0%-17.6%
Profit before taxRs m28,48020,87020,9500.4%-26.4%
TaxRs m6,370604,7507816.7%-25.4%
Profit after taxRs m22,11020,81016,200-22.2%-26.7%
Gross profit margin%51.246.949.0
Effective tax rate%22.40.322.7
Net profit margin%36.340.831.7
* 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 15.7% on a year-on-year (YoY) basis. The expenses were down by 11.8% YoY during the same period.
  • The company's operating profit declined by 19.3% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 49.0% in 3QFY20 as against 51.2% in 3QFY19.
  • Depreciation charges increased by 22.1% and finance costs declined by 17.6% YoY, respectively.
  • Other income declined by 19.1% YoY during the quarter.
  • Net profit for the quarter declined by 26.7% YoY. Net profit margins during the quarter declined from 36.3% in 3QFY19 to 31.7% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 3.6% on a quarter-on-quarter (QoQ) basis. The expenses were down by 0.5% QoQ during the same period.
  • The company's operating profit increased by 8.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 49.0% in 3QFY20 as against 46.9% in 2QFY19.
  • Net profit for the quarter declined by 22.2% QoQ, while net profit margins declined from 40.8% in 2QFY19 to 31.7% in 3QFY20.

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 down from Rs 268.2 to Rs 212.3, registering a Loss of Rs 55.9 or around 20.8%.

Overall, the S&P BSE SENSEX is up 13.1% over the year.

Current Valuations

At the current price of Rs 212.3, the price to earnings (P/E) ratio of HINDUSTAN ZINC stands at 12.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.7 times.

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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 (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.

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