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Hindustan Zinc reports 21.1% decline in profits in Q4 FY24 compared to previous year



Delta Corp Share Price Live blog for 22 Jan 2024

Hindustan Zinc declared their Q4 FY24 results on 19 Apr, 2024, showing a decrease of 11.28% in topline and a 21.1% decrease in profit Year-on-Year (YoY). In comparison to the previous quarter, the revenue saw a growth of 3.27% while the profit increased by 0.49%. The Selling, general & administrative expenses rose by 15.23% quarter-on-quarter (QoQ) and increased by 4.13% YoY. The operating income showed an increase of 3.67% QoQ but decreased by 18.49% YoY. The earnings per share (EPS) for Q4 FY24 is ₹4.82, reflecting a decrease of 12.25% YoY. Hindustan Zinc also delivered returns of 1.64% in the last week, 28.8% in the last 6 months, and 27.32% Year-to-Date (YTD).

As of 21 Apr, 2024, out of 11 analysts covering the company, 4 analysts have given a Strong Sell rating, 2 analysts have given a Sell rating, 4 analysts have given a Hold rating, and 1 analyst has given a Strong Buy rating. The consensus recommendation as of 21 Apr, 2024, was to Sell. The company currently has a market cap of ₹171104.3 Cr with a 52-week high/low of ₹437.8 & ₹284.6 respectively.

The financials of Hindustan Zinc for Q4 FY24 showed a total revenue of ₹7549 Cr, Selling/General/Admin Expenses Total of ₹227 Cr, and a net income of ₹2038 Cr. The company also reported a diluted normalized EPS of ₹4.82 for the quarter. Hindustan Zinc’s performance metrics reflected both quarter-on-quarter and year-on-year variations, with some expenses increasing and operating income fluctuating.

Stay updated on quarterly results with our results calendar to keep track of the financial performance of companies like Hindustan Zinc.

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