Wednesday, October 20, 2010

HINDUSTAN ZINC = Q2 FY 2011 (SEP 2010) RESULTS = GOOD NUMBERS


Hindustan Zinc Limited
NSE Symbol   HINDZINC
Hindustan Zinc Limited has declared its results for Q2 FY 2011.
Net Sales at Rs.2162.88 Cr is up by 10.87% over previous Qtr and by 20.86% from corresponding Qtr of last year.
Total Expenditure is also up at Rs.1191.62 Cr – up by 12.01% over previous Qtr and by a huge 45.33% over corresponding Qtr.
Net Profit  is Rs.948.72 Cr – up by 6.49% from previous Qtr and by 1.47% from corresponding Qtr.
Basic EPS is Rs.22.45 against Rs.21.09 in previous Qtr and Rs.22.13 in corresponding Qtr.
Thus, Hindustan Zinc is progressing reasonably. Its EPS numbers are quite good. Its MP is Rs.1229.
On an estimated annual EPS of around Rs.66, the PE ratio is 18.62.
RESULTS IN NUMBERS :

HIND ZINC
30-Sep-10
30-Jun-10
Dif% 1
30-Sep-09
Dif% 2
Net Sales
216288
195077
10.87
178959
20.86
Other Operating Income
3816
2260
68.85
2873
32.82
Increase/decrease in SIT & WIP
-3895
-7003
-44.38
-1627
139.4
Raw Materials
54690
44929
21.73
-

Employees Cost
11549
14822
-22.08
10371
11.36
Depreciation
11584
11227
3.18
7710
50.25
Other Expenditure
45234
42410
6.66
65540
-30.98
Total Expend
119162
106385
12.01
81994
45.33
Profit from Operations
100942
90952
10.98
99838
1.11
Other Income
18403
15844
16.15
15371
19.73
Interest
-51
655
-107.79
538
-109.48
Exceptional Items
2116
-

-

Profit before tax
117280
106141
10.49
114671
2.28
Tax expense
22408
17049
31.43
21176
5.82
Net Profit
94872
89092
6.49
93495
1.47
Face Value.Rs
10
10
0
10
0
Paid Up Equity
42253
42253
0
42253
0
Basic EPS
22.45
21.09
6.45
22.13
1.45
Public Shareholding (%)
35.08
35.08
0
35.08
0

20-10-2010 Hindustan Zinc Limited has informed the Exchange regarding the standalone Results for the quarter ended on 30-SEP-2010 as follows: Net Sales of Rs. 216288 lacs for quarter ending on 30-SEP-2010 against Rs. 195077 lacs for the quarter ending on 30-JUN-2010. Net Profit / (Loss) of Rs. 94872 lacs for the quarter ending on 30-SEP-2010 against Rs. 89092 lacs for the quarter ending on 30-JUN-2010.
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