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- HINDUSTAN ZINC Announces Quarterly Results (4QFY20); Net Profit Down 33.4%
HINDUSTAN ZINC Announces Quarterly Results (4QFY20); Net Profit Down 33.4%
Wed, 27 May
HINDUSTAN ZINC has announced its results for the quarter ended March 2020. Here is a detailed performance review of the same:
HINDUSTAN ZINC Quarterly Financials
| No. of Mths Qtr. Ending | 3 Mar-19* | 3 Dec-19* | 3 Mar-20* | QoQ Change | YoY Change | |
|---|---|---|---|---|---|---|
| Net Sales | Rs m | 54,910 | 46,720 | 43,910 | -6.0% | -20.0% |
| Other income | Rs m | 5,390 | 4,450 | 4,700 | 5.6% | -12.8% |
| Turnover | Rs m | 60,300 | 51,170 | 48,610 | -5.0% | -19.4% |
| Expenses | Rs m | 27,020 | 23,830 | 24,270 | 1.8% | -10.2% |
| Gross profit | Rs m | 27,890 | 22,890 | 19,640 | -14.2% | -29.6% |
| Depreciation | Rs m | 5,530 | 5,970 | 5,530 | -7.4% | 0.0% |
| Interest | Rs m | 510 | 420 | 160 | -61.9% | -68.6% |
| Profit before tax | Rs m | 27,240 | 20,950 | 18,650 | -11.0% | -31.5% |
| Tax | Rs m | 7,120 | 4,750 | 5,260 | 10.7% | -26.1% |
| Profit after tax | Rs m | 20,120 | 16,200 | 13,390 | -17.3% | -33.4% |
| Gross profit margin | % | 50.8 | 49.0 | 44.7 | ||
| Effective tax rate | % | 26.1 | 22.7 | 28.2 | ||
| Net profit margin | % | 33.4 | 31.7 | 27.5 |
Interim results exclude extraordinary / exceptional items
Year-on-Year Performance:
- The company's operating income during the quarter fell 20.0% on a year-on-year (YoY) basis. The expenses were down by 10.2% YoY during the same period.
- The company's operating profit declined by 29.6% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 44.7% in 4QFY20 as against 50.8% in 4QFY19.
- Depreciation charges increased by 0.0% and finance costs declined by 68.6% YoY, respectively.
- Other income declined by 12.8% YoY during the quarter.
- Net profit for the quarter declined by 33.4% YoY. Net profit margins during the quarter declined from 33.4% in 4QFY19 to 27.5% in 4QFY20.
Quarter-on-Quarter Performance:
- The company's operating income during the quarter fell 6.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 1.8% QoQ during the same period.
- The company's operating profit declined by 14.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 44.7% in 4QFY20 as against 49.0% in 3QFY19.
- Net profit for the quarter declined by 17.3% QoQ, while net profit margins declined from 31.7% in 3QFY19 to 27.5% in 4QFY20.
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 254.8 to Rs 165.5, registering a Loss of Rs 89.3 or around 35.0%.
Overall, the S&P BSE SENSEX is down 22.2% over the year.
Current Valuations
At the current price of Rs 165.5, the price to earnings (P/E) ratio of HINDUSTAN ZINC stands at 10.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.1 times.
Related Views on News
HINDUSTAN ZINC Announces Quarterly Results (3QFY21); Net Profit Up 35.8% (Quarterly Result Update)
Jan 21, 2021 | Updated on Jan 21, 2021For the quarter ended December 2020, HINDUSTAN ZINC has posted a net profit of Rs 22 bn (up 35.8% YoY). Sales on the other hand came in at Rs 60 bn (up 29.1% YoY). Read on for a complete analysis of HINDUSTAN ZINC's quarterly results.
HINDUSTAN ZINC Announces Quarterly Results (2QFY21); Net Profit Down 6.8% (Quarterly Result Update)
Oct 22, 2020 | Updated on Oct 22, 2020For 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.
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