Hindustan Zinc's Q4 PAT down 33% yoy to Rs1,339cr; stock trades flat

Posted a net profit of Rs1,339cr, which was down by 33% from Rs2,012cr a year ago same period.

May 22, 2020 09:05 IST India Infoline News Service

Hindustan Zinc Ltd
Hindustan Zinc, in its March 2020 (Q4FY20) result, posted a net profit of Rs1,339cr which was down by 33% from Rs2,012cr a year ago same period. Operating EBIDTA came in at Rs1,961cr below 30% versus Rs2,797cr in the same period of the previous year.

Net sales declined by 20% to Rs4,391cr for the quarter against Rs5,491cr in  Q4FY19.

On segment-wise breakup, sales were impacted due to the decline in Zinc business by 21% yoy to Rs2,920cr. Meanwhile, Silver and Lead business further dampen the performance, by plunging 19% and 14% on year-on-year to RS601cr and Rs692cr in the quarter.

Sunil Duggal, CEO of Hindustan Zinc said, "Industrial activity across the globe is undergoing a level of disruption unforeseen since the second world war. In these challenging times, our focus is business continuity and safety of our people & operations and supporting our communities affected by the pandemic."

Duggal further added, "We have ramped up our operations back to normal levels and are confident of delivering good performance in FY2021."

On Sensex, the Hindustan Zinc stock is trading flat at 168.75 per piece at around 09.23 am. In the previous closing, the stock had ended at Rs169.25 per piece. 

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