Friday, 10 February 2017


Hindustan  Zinc's Q3FY17 standalone results for the quarter came in mixed versus consensus estimates. Revenue for the quarter came in 2.5 % higher than the estimated figure of Rs. 5254.83 crores. EBITDA for the quarter came in line with our estimations of Rs. 2764.4 crores. And lastly, net profit for the quarter came in 8.4 % higher than the estimated figure of Rs. 2532.75 crores.

Hind Zinc standalone revenue for the quarter came in at Rs. 5384 crores, registering a 44.7% yoy increase. This was primarily driven by 49% yoy increase in revenue from zinc, lead and others.

 EBITDA for the quarter rose by 88.3% yoy to Rs. 2784 crores with a corresponding margin expansion of 1199 bps. EBITDA margin for the quarter stood at 51.7%.

The PAT for the quarter came in at Rs. 2320 crores, yoy increase of 26.1%. This was due to eight-fold yoy increase in finance cost. 

Hindustan Zinc Ltd is currently trading at Rs. 312.7, down by 5.3 points or 1.67% from its previous closing of Rs. 318 on the BSE.

The scrip opened at Rs. 319.9 and has touched a high and low of Rs. 324.9 and Rs. 308.75 respectively. So far 4027993(NSE+BSE) shares were traded on the counter. The stock is currently trading below its 50 DMA.

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