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Hind Zinc Q4: Analysts see 27% growth in PAT at Rs 1790cr

Hindustan Zinc (HZL) is set to declare its fourth quarter FY13 results on Thursday. Analysts on an average expect profit after tax of the company to grow by 26.7 percent year-on-year (11 percent sequentially) to Rs 1,790 crore, according to CNBC-TV18 poll.

April 25, 2013 / 03:06 PM IST
 
 
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Hindustan Zinc (HZL) is set to declare its fourth quarter FY13 results on Thursday. Analysts on an average expect profit after tax of the company to grow by 26.7 percent year-on-year (11 percent sequentially) to Rs 1,790 crore, according to CNBC-TV18 poll.


Net sales are seen rising by 13.4 percent YoY (12 percent QoQ) to Rs 3,508 crore.


Meanwhile, earnings before interest, tax, depreciation and amortisation (EBITDA) is likely to go up by 10.5 percent YoY (23 percent sequentially) to Rs 1,788 crore in January-March quarter.


However, EBITDA margin is seen declining 130 basis points YoY to 51 percent in the quarter, but seen rising 460 basis points QoQ.


According to analysts, HZL is expected to report strong operating numbers as mining output & refined metal output increased.


They feel the realizations will increase sequentially due to the increase in LME prices.


Investors should watch out for:


1) Any progress on buying pending stake from GOI;


2) Silver volumes have disappointed so far and guidance has been lowered in the last few quarters due to lower PPM at SK mine;

3) Three mines at Zawar are still awaiting SC approval to restart. After approval, they will add around 0.8mtpa ore production capacity.

first published: Apr 25, 2013 03:05 pm

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