Hindustan Zinc Q4FY17 consolidated net profit rises 42.4% yoy : Beats Estimates

India Infoline Research Team | April 20, 2017 15:32 IST

Hindustan Zinc's consolidated revenue for the quarter came in at Rs. 6756 crore, registering 95.7% yoy increase.

Hindustan Zinc Ltd Q4FY17

Consolidated Results Q4FY17: (Rs. in crore)

Q4FY17 YoY (%)
Revenue 6,756 95.7
EDITDA 3,748.1 106.4
EBITDA Margin (%) 55.5 289
Net Profit  3,056.9 42.4
***EBITDA margin change is bps

Hindustan Zinc
Hindustan Zinc 's Q4FY17 consolidated results for the quarter registered a beat on street estimates. Revenue for the quarter came in 14.5 % higher than the estimated figure of Rs. 5900 crore. EBITDA for the quarter came in 12 % higher than the estimated figure of Rs. 3347 crore. And lastly, net profit for the quarter came in 10.6 % higher than the estimated figure of Rs. 2764 crore.

Hindustan Zinc's consolidated revenue for the quarter came in at Rs. 6756 crore, registering 95.7% yoy increase. This was primarily driven by volume growth and rise in revenues from Zinc segment by almost 200%.

EBITDA for the quarter rose by 106.4% yoy to Rs. 3748.1 crore with a corresponding margin expansion of 289 bps. EBITDA margin for the quarter stood at 55.5%.
 
The PAT for the quarter came in at Rs. 3056.9 crore, yoy increase of 42.4%.

Looking at full year numbers , Hindustan Zinc's revenue increased by 21.6% yoy to Rs.18797 crore in FY17 on account higher zinc prices in the year.EBITDA for the year also jumped by 40.2% to Rs.10611 crore in FY17. Bottom-line for the year saw marginal increase of 1.7% to Rs. 8315 crore.


Technical View:

Hindustan Zinc Ltd is currently trading at Rs. 285, up by 13.75 points or 5.07% from its previous closing of Rs. 271.25 on the BSE.
The scrip opened at Rs. 275.8 and has touched a high and low of Rs. 285.9 and Rs. 273.45 respectively. So far 4710103(NSE+BSE) shares were traded on the counter. The stock is currently trading above its 50 DMA.


***Note: This is a NSE Chart

Disclaimer: The contents herein is specifically prepared by ‘Dalal Street Investment Journal’, and is for your information & personal consumption only. India Infoline Limited or Dalal Street Investment Journal do not guarantee the accuracy, correctness, completeness or reliability of information contained herein and shall not be held responsible.

 

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