Sunday, January 22, 2012

Hindustan Zinc Limited - QTRLY RESULTS - 3RD QTR ENDING DEC,2011 =Q/E DEC 2011 - Net Sales up 6%Yoy;NPT down 1.24%


Hindustan Zinc Limited
NSE Symbol        HINDZINC

HINDUSTAN ZINC  has declared lack luster Results in the third quarter ending Dec, 2011.

Net Sales stands at Rs.2746.77 Cr – up by   5.91% from Q2 FY 12 and   up by 5.59% from Q3 FY 11.

Total Expenditure stands at Rs.1543.60 Cr  in Q3 FY 12  – up by  17.16% from Q2 FY 12; and up by 24.24% from Q3 FY 11. Expenditure has grown more than proportionately compared to Net Sales – especially raw material consumption which has grown by 24.38% from Q2 FY 12 and by 40% from Q3 FY 11.

Profit from Operations in Q3 FY 12 stands at Rs.1243.21mcr – down by  -5.77% from Q2 FY 12; down by -10.41% from Q3 FY 11.

Other Income stands at Rs.381.87 cr  in Q3 FY 12  – down by      -1.27% from Q2 FY 12; but up by  84.39% from Q3 FY 11.

Profit  before tax stands at Rs.1609.94 cr  in Q3 FY 12 – down by  -3.61% from Q2 FY 12; and marginally up by  0.96% from Q3 FY 11.

Tax expense stands at Rs.336.34 cr in Q3 FY 12 – up by 3.34% from Q2 FY 12 and up by 10.23% from Q3 FY 11.

Net Profit  stands at Rs.1273.60 cr  in Q3 FY 12 – compared to Rs.1344.69 cr in Q2 FY 12 (down by -5.29%); and Rs.1289.58 cr in Q3 FY 11 (down by -1.24%)

Basic EPS on a Face Value of Rs.2  stands at Rs.3.01 in Q3 FY 12; Rs.3.18 in Q2 FY 12;  Rs.3.54 in Q1 FY 12;Rs.4.19 in Q 4 FY 11;  and in Q3 FY11, on a FV of Rs.10, the EPS stands at Rs.30.52 (Or, Rs.6.09 on Rs.2).

Thus, there is a clear limb down from earlier quarters, both  QoQ and YoY.

Current MP is Rs.127.45 – while the  52 week high price is Rs.1387.90 (On FV  of Rs.10) and the 52 week low price  is Rs.106.45.

The annual EPS is likely to be around Rs.12.74.

The PE Ratio works out to 10.

Stand alone results Table

hindustan zinc
31-Dec-11
30-Sep-11
%DIF1
30-Jun-11
31-Mar-11
31-Dec-10
%DIF2
Net Sales
274677
259349
5.91
282135
319702
260147
5.59
Other Oprtng Income
4004
4333
-7.59
2572
4029
2869
39.56
Increase in SIT/WIP
1313
-4523
-129
11047
12
-4678
-128.07
Raw Materials
70342
56371
24.78
55310
55656
51677
36.12
Employees Cost
13371
12904
3.62
12741
13409
11298
18.35
Depreciation
15907
14552
9.31
13453
12709
11954
33.07
Other Expenditure
53427
52450
1.86
46379
57804
53994
-1.05
Total Expenditure
154360
131754
17.16
138930
139590
124245
24.24
Profit from Operations
124321
131928
-5.77
145777
184141
138771
-10.41
Other Income
38187
38678
-1.27
35536
30248
20710
84.39
Interest
871
1203
-27.6
649
1325
11
7818.18
Exceptional Items
643
2386
-73.05
442
-
-

Profit  before tax
160994
167017
-3.61
180222
213064
159470
0.96
Tax expense
33634
32548
3.34
30731
35937
30512
10.23
Net Profit
127360
134469
-5.29
149491
177127
128958
-1.24
Face Value (In Rs
2
2
0
2
2
10
-80
Paid Up Equity
84506
84506
0
84506
84506
42253
100
Basic EPS
3.01
3.18
-5.35
3.54
4.19
30.52
-90.14
Public Holding (%)
35.08
35.08
0
0
35.08
35.08
0

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