Hindustan Zinc Q3 PAT up 35.8% yoy at Rs1620cr on better pricing

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Hindustan Zinc Ltd reported 29.13% growth yoy in Dec-20 quarter consolidated revenues at Rs6,033cr. The company reported growth across its key metal products including zinc, lead, silver metal and others. This was supported by better volumes and pricing edge.


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


  • 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)

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