HINDUSTAN ZINC Announces Quarterly Results (4QFY19); Net Profit Down 19.7%

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HINDUSTAN ZINC Announces Quarterly Results (4QFY19); Net Profit Down 19.7%
Tue, 7 May

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

HINDUSTAN ZINC Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m62,77055,40054,910-0.9%-12.5%
Other incomeRs m4,8605,5005,390-2.0%10.9%
TurnoverRs m67,63060,90060,300-1.0%-10.8%
ExpensesRs m26,57027,02027,0200.0%1.7%
Gross profitRs m35,69028,38027,890-1.7%-21.9%
DepreciationRs m4,5904,8905,53013.1%20.5%
InterestRs m4505105100.0%13.3%
Profit before taxRs m35,51028,48027,240-4.4%-23.3%
TaxRs m10,4606,3707,12011.8%-31.9%
Profit after taxRs m25,05022,11020,120-9.0%-19.7%
Gross profit margin%56.951.250.8
Effective tax rate%29.522.426.1
Net profit margin%37.036.333.4
* 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 12.5% on a year-on-year (YoY) basis. The expenses were up by 1.7% YoY during the same period.
  • The company's operating profit declined by 21.9% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 50.8% in 4QFY19 as against 56.9% in 4QFY18.
  • Depreciation charges increased by 20.5% and finance costs increased by 13.3% YoY, respectively.
  • Other income increased by 10.9% YoY during the quarter.
  • Net profit for the quarter declined by 19.7% YoY. Net profit margins during the quarter declined from 37.0% in 4QFY18 to 33.4% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 0.9% on a quarter-on-quarter (QoQ) basis. The expenses were up by 0.0% QoQ during the same period.
  • The company's operating profit declined by 1.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 50.8% in 4QFY19 as against 51.2% in 3QFY18.
  • Net profit for the quarter declined by 9.0% QoQ, while net profit margins declined from 36.3% in 3QFY18 to 33.4% in 4QFY19.

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 302.2 to Rs 272.2, registering a Loss of Rs 30.0 or around 9.9%.

Overall, the S&P BSE SENSEX is up 9.9% over the year.

Current Valuations

At the current price of Rs 272.2, the price to earnings (P/E) ratio of HINDUSTAN ZINC stands at 14.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.2 times.

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

Jan 21, 2020 | Updated on Jan 21, 2020

For the quarter ended December 2019, HINDUSTAN ZINC has posted a net profit of Rs 16 bn (down 26.7% YoY). Sales on the other hand came in at Rs 47 bn (down 15.7% 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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