Q4FY17 Results: Hindustan Zinc Ltd
Rohan Takalkar / 20 Apr 2017
Hindustan Zinc Ltd. reported its results for the quarter ended March 31, 2017 today. The consolidated numbers were strong due to higher revenues.
Hindustan Zinc Ltd. reported its results for the quarter ended March 31, 2017 today. The consolidated numbers were strong due to higher revenues.
The company's total sales for Q4FY17 came in at Rs 6756 crore, which represents a 25.44 per cent sequential increase and 95.66 per cent YoY increase.
Its operating profit (EBIT) for the quarter was Rs 3216 crore and its EBIT margin was 47.6 per cent.
The company reported PAT of Rs 3056.96 crore, which represents a sequential QoQ increase of 31.82 per cent and a YoY increase of 42.38 per cent.
The company's stock opened for trading at Rs 275.8 on the BSE and rose 4.29 per cent after the results were declared and closed at Rs.282.9.
Hindustan zinc is an integrated producer of zinc and lead with global share of about 6% in zinc. Its 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 byproducts like silver and cadmium
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