Hindustan Zinc , Vedanta group company has reported a
profit after tax of Rs 1,412.8 crore in the fourth quarter of FY12, a massive
fall of 20% as compared to Rs 1,771.27 crore in a year ago period.
More or less these are weak set of numbers owing to lower
LME prices on weaker global demand and surplus existence.
Zinc prices fell 15% YoY and lead prices declined by 19.6%
YoY. Fear remains that zinc and lead prices are unlikely to see any major
upside as the market remains in surplus.
Sales dropped 3% YoY to at Rs 3,093.50 crore and EBITDA was
down by 16% YoY to Rs 1,617.6 crore.
EBITDA margin slipped at 52.3% in the January-March quarter
versus 60.1% in the corresponding quarter of last fiscal.
Power and fuel cost went up 13% YoY to Rs 322.5 crore while
mining royalty went down 9% at Rs 229.10 crore during the same period.
Other income jumped 23% to Rs 381.1 crore in the quarter
ended March 31, 2012 from Rs 308.6 crore in a year ago period.
Hindustan Zinc has decided to pay a final dividend of Rs
0.90 a share.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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