Hindustan Zinc Ltd Q2FY18
Standalone Results Q2FY18: (Rs. in crore)
|EBITDA Margin (%)||64.4||275|
|Net Profit (adjusted)||2,476.8||30.2|
Hindustan Zinc ltd standalone revenue for the quarter came in at Rs. 5309 crore, registering 51.7% yoy increase. This was primarily driven by 41.7% yoy increase in revenues from Zinc, lead and others segment.
EBITDA for the quarter rose by 58.5% yoy to Rs. 3418 crore with a corresponding margin expansion of 275 bps. EBITDA margin for the quarter stood at 64.4%.
The adjusted PAT for the quarter came in at Rs. 2476.8 crore, yoy increase of 30.2%. This was due to 8.8% yoy decline in depreciation and exceptional gain of Rs.291 crore representing reversal of provision for contribution to district mineral foundation towards zinc, lead and silver for the period related to January 12, 2015 to September 16, 2015 pursuant to recent supreme court ruling.
The board has declared interim dividend of 100% that is Rs.2/share.
Hindustan Zinc Ltd is currently trading at Rs. 318.15, down by 4.05 points or 1.26% from its previous closing of Rs. 322.20 on the BSE.
The scrip opened at Rs. 322.35 and has touched a high and low of Rs. 330.60 and Rs. 317.40 respectively. So far 45,28,160(NSE+BSE) shares were traded on the counter. The stock is currently trading below its 50 DMA.
BSE 311.30 [0.70] ([0.22]%)
NSE 311.40 [1.60] ([0.51]%)
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