Hindustan Zinc declares Q4FY16 results; Net profit up by 8 per cent quarterly

Hindustan Zinc declared its Q4FY16 results. Net income from operation has been down by 9 per cent and it stands at Rs 3132.39 crore as compared to the last quarter where the income from operation was at Rs 3430.58 crore.

EBITDA stands at Rs 1115.1 crore. As compared to the previous quarter the EBITDA is down by 15 per cent. On the other hand, depreciation expense for this quarter has increased by 12% as compared to the previous quarter. The net profit has been up 8 percent and stands at Rs 2149.13 crore.

On a YoY basis the income from operation was down by 4 per cent and stands at Rs 14226.44 crore. EBITDA for the year ended stands at Rs 5928 crore, which is down by 13 per cent on YoY basis. Net profit stands at Rs 8166.58 crore as compared to previous year's Rs 8178 crore. Total expenses on the YoY basis has also increased 4 per cent and stands at Rs 8298.44 crore as compared to the 8013 crore for the previous year. The major reason for the net profit being less as compared to the previous year is the increased expenses. The expenses have increased to a large extent, especially other income which is up by more than 900 per cent as compared to the previous year.

Hindustan Zinc is an integrated producer of Zinc & Lead with global share of approximately 6% in Zinc. It's core business comprises of mining and smelting of Zinc and Lead along with captive power generation. The company has four mines and four smelting operations. The products of the company comprise of Lead, Zinc and other by products like Silver and Cadmium.