Hindustan Zinc sparkles on easing of profitability margins
DSIJ Intelligence / 20 Oct 2016
Hindustan Zinc has declared its Q2FY17 results on Wednesday after market hours. The company’s revenue has decreased by 11.02 per cent to Rs 3878 crore in Q2FY17 as compared to same period in previous financial year.
Hindustan Zinc has declared its Q2FY17 results on Wednesday after market hours. The company’s revenue has decreased by 11.02 per cent to Rs 3878 crore in Q2FY17 as compared to same period in previous financial year. Its EBITDA has dropped by 5.35 per cent to Rs 2077 crore in Q2FY17 on a yearly basis. However, Hindustan Zinc’s EBITDA margin has expanded by 322 basis points to 53.56 per cent in Q2FY17 as compared to same period in previous financial year. The company’s net profit also has declined by 16.82 per cent to Rs 1919 crore in Q2FY17 as compared to same period in previous fiscal. Its net profit margin has contracted by 297 basis points to 49.48 per cent in Q2FY17 on a yearly basis.
On the segmental revenue front, Hindustan Zinc has earned 85.61 per cent from Zinc, Lead and others; 12.61 per cent from Silver; and 1.79 per cent from Wind Energy during Q2FY17.
The share price of Hindustan Zinc has increased by 4.75 per cent on bourses in early trades; and is trading at Rs 251.25 on an intraday basis.
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