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

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.

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