*Hindustan Zinc Ltd.* | *CMP* Rs. 215 | *M Cap* Rs. 90844 Cr | *52 W H/L* 292/193
(Nirmal Bang Retail Research)
*Result is in-line with expectations*
Revenue from Operations came at Rs. 4672 Cr (3.6% QoQ, -15.7% YoY) vs expectation of Rs. 4850.5 Cr, QoQ Rs. 4511 Cr, YoY Rs. 5540 Cr
EBIDTA came at Rs. 2289 Cr (8.1% QoQ, -19.3% YoY) vs expectation of Rs. 2267.1 Cr, QoQ Rs. 2117 Cr, YoY Rs. 2838 Cr
EBITDA Margin came at 49% vs expectation of 46.7%, QoQ 46.9%, YoY 51.2%
Adj. PAT came at Rs. 1620 Cr vs expectation of Rs. 1699.6 Cr, QoQ Rs. 2081 Cr, YoY Rs. 2211 Cr
Quarter EPS is Rs. 3.8
Share is trading at P/E of 11.3x FY20E EPS
Share is trading at 6.8x EV/EBIDTA based on FY20E Bloomberg expectation