Hindustan Zinc Q1 Results Revenue Decreases 7.70% QoQ but Increases 11.65% YoY

Hindustan Zinc Growth Comparison

Hindustan Zinc Q1 Results: Hindustan Zinc's financial results show some changes compared to both the previous quarter (March 2023) and the same period last year (June 2023) in the first quarter of June 2024. Hindustan Zinc's total revenue was ₹8,130 crores, which is a decrease of 7.70% from the last quarter but an increase of 11.65% compared to the same quarter last year. Selling, general, and administrative expenses went up by 5.05% from the previous quarter and by 19.90% from last year. Depreciation and amortization costs dropped by 9.93% from the last quarter but rose by 5.37% year-over-year.

Hindustan Zinc’s other operating expenses were lower by 2.75% compared to the last quarter and higher by 13.95% compared to the previous year. The total operating expense decreased by 2.97% from the last quarter and increased by 6.17% from last year. Operating income, which is the profit before taxes and other expenses, went down by 6.76% from the last quarter but increased by 21.84% from the same quarter last year. 

Hindustan Zinc’s Net income before taxes also fell by 11.14% from the last quarter but rose by 19.31% from last year. Net income, the final profit after all expenses, decreased by 9.22% from the last quarter but went up by 19.40% from last year. Lastly, the diluted normalized earnings per share (EPS), which indicates the profit allocated to each share, increased slightly by 1.09% from the last quarter and by 19.35% compared to the same quarter last year.

Here are the quarterly financial results for Hindustan Zinc for Q1:

Source: Here 

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Hindustan Zinc Q1 Results 

Hindustan Zinc has shared its financial results for the quarter ending June 30, 2024. In this period, the company earned ₹7,893 crore from its main operations, which is higher than the ₹7,286 crore earned in the previous quarter. They also made ₹237 crore from other sources and ₹277 crore in additional income, totaling ₹8,407 crore in income for the quarter. 

Hindustan Zinc's expenses included costs for inventory changes, employee wages, depreciation, power, mining royalty, finance, and other expenses, which together added up to ₹5,278 crore. This was slightly more than the ₹5,094 crore spent in the previous quarter.

After subtracting expenses, Hindustan Zinc made a profit before tax of ₹3,129 crore, up from ₹2,736 crore last quarter. They paid ₹829 crore in taxes, which includes current and deferred tax amounts. After taxes, their net profit for the quarter was ₹2,358 crore, an increase from ₹2,042 crore in the last quarter. 

Hindustan Zinc also reported an other comprehensive income loss of ₹18 crore. The company’s earnings per share were ₹5.58, up from ₹4.83 previously. The total equity capital remains at ₹845 crore.

Here is a summary of the unaudited standalone financial results for Hindustan Zinc for the quarter ended 30th June, 2024:

(in Crore INR):

Hindustan Zinc Financial Performance

The table shows key details about Hindustan Zinc's stock. The company's market capitalization is ₹2,08,583 Crores, meaning it's worth that much overall. The current stock price is ₹494. The highest price in the past was ₹808, and the lowest was ₹285. The Price-to-Earnings (P/E) ratio is 25.5, indicating how much investors are willing to pay for each rupee of earnings. The book value, which reflects the company's net worth per share, is ₹36.0. The dividend yield is 5.89%, meaning investors earn this percentage in dividends. 

Here's the stock information in a table format:

Quarterly Results 

For Hindustan Zinc in December 2023, March 2024, and June 2024, the company showed a strong financial performance. Sales increased from ₹7,310 crores in December 2023 to ₹8,130 crores in June 2024. Expenses also went up, reaching ₹4,179 crores by June 2024. Operating profit, which measures the company’s core profitability, was ₹3,520 crores in December 2023, ₹3,654 crores in March 2024, and ₹3,951 crores in June 2024. 

Here's the data for the quarters December 2023, March 2024, and June 2024:

About Hindustan Zinc

Hindustan Zinc is the largest zinc producer in India and the second-largest in the world. It has over 50 years of experience in mining and metal production. The company focuses on safety and using advanced technology to protect natural resources. Hindustan Zinc has a vast amount of mineral resources, with a total reserve of 456.3 million tonnes and an average zinc-lead grade of 6.8%. This means their mines are expected to last for more than 25 years.

Hindustan Zinc holds a dominant position in India’s zinc industry, controlling about 75% of the market. It is also a major player in global silver production, with an annual output capacity of 800 metric tonnes. The company operates several facilities in India, including mines and smelters in Rajasthan and Uttarakhand. They produce zinc, lead, and silver, and have a total metal production capacity of 1.123 million tonnes.

Hindustan Zinc is a part of Vedanta, which owns a 64.9% share of the company, while the Government of India owns 29.5%. The company is listed on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).