InvestorQ : Did the profits of Hindustan Zinc improve over previous quarters?
Moii Chavate made post

Did the profits of Hindustan Zinc improve over previous quarters?

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Tisha Malhotra answered.
3 weeks ago
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For the Mar-22 quarter, Hindustan Zinc reported 26.63% growth in sales revenues at Rs.8,797 crore. Sales revenues were 10.1% higher sequentially. For the full year FY22, HZL reported mined metal production at 1,017 KT, refined metal production at 967 KT and saleable silver production at 647 KT. The revenue boost can be largely attributed to robust zinc prices at $1,122 per MT. Overall, zinc, lead revenues were high while revenues from silver were sharply lower like in the pervious quarters.

Hindustan Zinc

Rs in Crore

Mar-22

Mar-21

YOY

Dec-21

QOQ

Total Income (Rs cr)

₹ 8,797.00

₹ 6,947.00

26.63%

₹ 7,990.00

10.10%

Net Profit (Rs cr)

₹ 2,928.00

₹ 2,481.00

18.02%

₹ 2,701.00

8.40%

Diluted EPS (Rs)

₹ 6.93

₹ 5.87

₹ 6.39

Net Margins

33.28%

35.71%

33.80%

  

Let me now turn to the profitability performance of HZL. Net profit for Q4 was up 18.02% to Rs.2,928 crore and 8.40% on sequential basis. Operating margins expanded by 200 bps at 48.2% despite input cost impact. EBIT of the Zinc and Lead business was higher in Q4 by 68.1% at Rs.3,315 crore while the EBIT from the silver business fell -26.7% at Rs.899 crore. Net margins were 33.28% in Mar-22 quarter compared to 35.71% in Mar-21. The net profit margins were also lower by 52 basis points on a sequential basis.

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