Hindustan Zine - Q3FY14 Result Update - Microsec

Hindustan Zinc Ltd announced its Q3FY14 results on 17th Jan'14.

The company posted inline results with the consensus. The net sales of the company arrived at INR3410.4 crore, which was up by 8.60% on YoY basis, but down by 3.13% on QoQ basis. On YoY basis, the surge in sales volumes with marginally falling realizations resulted in better performance. The company's EBITDA for the quarter was INR1823.75 crore, which was up by 21.71% on YoY basis, but marginally down by 3.17% on QoQ basis. The EBITDA Margins improved significantly by 571bps on YoY basis due to higher premiums over LME prices. The company registered a net profit of INR1722.72 crore, which was up by 6.83% and 1.25% on YoY and QoQ basis.

Hence, at the CMP of INR130 per share, the stock is trading at P/E of 7.6x its TTM EPS of 17.02 and EV/EBITDA of 6.8x its TTM EBITDA of INR7326 crore.

Source : Equity Bulls

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