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

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HINDUSTAN ZINC Announces Quarterly Results (3QFY21); Net Profit Up 35.8%
Thu, 21 Jan

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

HINDUSTAN ZINC Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-19*
3
Sep-20*
3
Dec-20*
QoQ ChangeYoY Change
Net SalesRs m46,72056,60060,3306.6%29.1%
Other incomeRs m4,4503,9004,50015.4%1.1%
TurnoverRs m51,17060,50064,8307.2%26.7%
ExpensesRs m23,83027,08027,6402.1%16.0%
Gross profitRs m22,89029,52032,69010.7%42.8%
DepreciationRs m5,9706,5206,390-2.0%7.0%
InterestRs m4206801,35098.5%221.4%
Profit before taxRs m20,95026,22029,45012.3%40.6%
TaxRs m4,7506,8207,4509.2%56.8%
Profit after taxRs m16,20019,40022,00013.4%35.8%
Gross profit margin%49.052.254.2
Effective tax rate%22.726.025.3
Net profit margin%31.732.133.9
* 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 29.1% on a year-on-year (YoY) basis. The expenses were up by 16.0% YoY during the same period.
  • The company's operating profit increased by 42.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 54.2% in 3QFY21 as against 49.0% in 3QFY20.
  • Depreciation charges increased by 7.0% and finance costs increased by 221.4% YoY, respectively.
  • Other income increased by 1.1% YoY during the quarter.
  • Net profit for the quarter increased by 35.8% YoY. Net profit margins during the quarter increased from 31.7% in 3QFY20 to 33.9% in 3QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 6.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 2.1% QoQ during the same period.
  • The company's operating profit increased by 10.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 54.2% in 3QFY21 as against 52.2% in 2QFY20.
  • Net profit for the quarter increased by 13.4% QoQ, while net profit margins increased from 32.1% in 2QFY20 to 33.9% in 3QFY21.

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 212.3 to Rs 285.9, registering a Gain of Rs 73.6 or around 34.6%.

Overall, the S&P BSE SENSEX is up 20.7% over the year.

Current Valuations

At the current price of Rs 285.9, the price to earnings (P/E) ratio of HINDUSTAN ZINC stands at 17.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.6 times.

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Related Views on News

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

Oct 22, 2020 | Updated on Oct 22, 2020

For the quarter ended September 2020, HINDUSTAN ZINC has posted a net profit of Rs 19 bn (down 6.8% YoY). Sales on the other hand came in at Rs 57 bn (up 25.5% 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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