Hindustan Zinc Q1 FY2012 Result: Profit increase 68% (YoY)

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Hindustan Zinc profit increase 68% (YoY)
Hindustan Zinc declared its quartely results for the period ending June 30, 2012 (Q1FY2012), its profit increased by 68%.

The company's sales increased from Rs 1950 crore in Q1FY2011 to Rs 2821.35 crore in Q1FY2012. This was an increase of 44%. 

During the same period the expenses also increased from Rs 1060 Q1FY2011 to Rs 1389 Q1FY2012; registering an increase of mere 30.98%.

Hindustan Zinc gave bumper result on the back of commodity prices as its net profit increased from Rs 890 crore in Q1FY2011 to Rs 1494.91 crore in Q1FY2012. The company even reported a higher depreciation on an annual basis. 

From the perspective of comparing the quarter ending June 2011 result to that of the quarter ending March 2011, i.e. quarter on quarter result. The company's performance is tardy. Its revenues declined by 12.05% (qoq), where as expenses declined only by 0.76%.  And its net profit also declined by 15.60% from Rs 1771.27 crore during the quarter ending on March 2011, where as the same stood at Rs 1494.91 crore for the quarter ending June 2011.

OneIndia Money

Read more about: hindustan zinc, result, bse, nse, commodities
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