For the Dec-20 quarter, the consolidated operating profits were up 55.44% at Rs2630cr. This was on the back of higher sales revenues with costs in check. As a result, the operating margin or OPM expanded from 36.22% in the Dec-19 quarter to 43.59% in Dec-20 quarter.
Consolidated Profit after tax (PAT) for the Dec-20 quarter was up 35.80% at Rs2,200cr on better operational performance but tax outflows were substantial larger. As a result, PAT margins expanded from 34.67% in Dec-19 to 36.47% in Dec-20 only.
Financial highlights for Dec-20 compared yoy and sequentially
Hindustan Zinc |
|||||
Rs in Crore |
Dec-20 |
Dec-19 |
YOY |
Sep-20 |
QOQ |
Total Income (Rs cr) |
₹ 6,033.00 |
₹ 4,672.00 |
29.13% |
₹ 5,660.00 |
6.59% |
Operating Profit (Rs cr) |
₹ 2,630.00 |
₹ 1,692.00 |
55.44% |
₹ 2,300.00 |
14.35% |
Net Profit (Rs cr) |
₹ 2,200.00 |
₹ 1,620.00 |
35.80% |
₹ 1,940.00 |
13.40% |
Diluted EPS (Rs) |
₹ 5.21 |
₹ 3.83 |
₹ 4.59 |
||
OPM |
43.59% |
36.22% |
40.64% |
||
Net Margins |
36.47% |
34.67% |
34.28% |
Key takeaways from the Dec-20 quarter results
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Hindustan Zinc reported highest ever ore production in Dec-20 quarter. HZL produced 244KT of mined metal, 235KT of refined metal 183MT of saleable silver and was also supported by a sharp spike in prices of zinc and silver. On a yoy basis, zinc was up 10%, silver prices up 41% with lead prices lower by 7%.
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( With inputs from indiainfoline)
#Hindustan #Zinc #PAT #yoy #Rs1620cr #pricing