Hindustan Zinc Q3 PAT up 22.8% at Rs2,701cr on higher operating profits in Zinc and Lead

23 Jan 2022 , 05:47 PM

Hindustan Zinc Ltd reported 32.44% growth in total revenues for the Dec-21 quarter on consolidated basis at Rs7,990cr. On a sequential basis, the revenues were higher for the quarter by 30.51%.

During the quarter, HZL witnessed a sharp growth of 42% in Zinc and Lead at Rs6,737cr while the revenues from silver metal were down 5.6% at Rs1,081cr.

During the quarter, the debt equity ratio fell sharply from 0.34x to 0.09x as a result of which the interest coverage ratio improved four-fold from 25.61X to 101.75X.

The consolidated Profit after tax (PAT) for the Dec-21 quarter was up 22.77% at R2,701cr. On a sequential basis, the net profits were up 33.9%.

The operating profit growth was led by Zinc and lead with silver seeing pressure on operating profits. Overall operating margins for the quarter stood at 46% against 44% last year as the pressure of input costs took away some of the gains of higher prices and volumes.

Net margins tapered from 36.47% in the Dec-20 quarter to 33.8% in the Dec-21 quarter. Net margin was higher on sequential basis.

Financial highlights for Dec-21 compared yoy and sequentially

	Hindustan Zinc
Rs in Crore	Dec-21	Dec-20	YOY	Sep-21	QOQ
Total Income (Rs cr)	₹ 7,990	₹ 6,033	32.44%	₹ 6,122	30.51%
Net Profit (Rs cr)	₹ 2,701	₹ 2,200	22.77%	₹ 2,017	33.91%
Diluted EPS (Rs)	₹ 6.39	₹ 5.21		₹ 4.77
Net Margins	33.80%	36.47%		32.95%