Hindustan Zinc Q4 PAT up 18.02% to Rs2,928cr on sharply higher EBIT from zinc and lead business

24 Apr 2022 , 11:27 AM

Hindustan Zinc Ltd reported 26.63% growth yoy in total revenues for the Mar-22 quarter on consolidated basis at Rs8,797cr. On a sequential basis, the revenues were higher for the quarter by 10.10%.

For the full year FY22, the revenues were higher by 30.1% at Rs29,440cr. For the full year its mined metal production stood at 1,017 KT. Refined metal production was 967 KT while saleable silver production was 647 KT.

Much of the revenue boost came from robust zinc prices at $1,122 per MT. Overall, the revenues from zinc, lead and others were up while the revenues from silver were sharply lower in the fourth quarter.

The consolidated net profit for Q4 was up 18.02% to Rs2,928cr, while the profits were up by 8.40% on a sequential basis. Operating margins were up 200 bps at 48.2% despite the higher cost impact.

EBIT of the Zinc and Lead business was up in Q4 by 68.1% at Rs3,315cr while the EBIT from silver was lower by -26.7% yoy at Rs899cr.

Net margins stood at 33.28% in Mar-22 quarter compared to 35.71% in Mar-21. The net profit margins were lower by 52 basis points on a sequential basis, compared to Dec-21 quarter.

Financial highlights for Mar-22 compared yoy and sequentially

	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%