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ICICI Direct Report
Hindustan Zinc Ltd. reported a healthy Q4 FY21 performance, primarily on account of higher-than-expected sales volume.
For the quarter, zinc sales volumes came in at approximately 1,98,000 tonnes (up 14% YoY, 9% QoQ, higher than our estimate: 1,91,813 tonnes), lead sales volume came in at ~62,000 tonnes (up 29% YoY, 17% QoQ, higher than our estimate: 54,575 tonnes)
Silver sales volume came in at ~2,03,000 kg (up 41% YoY, 11% QoQ, higher than our estimate: 1,87,500 kg).
Topline came in at Rs 6,947 crore (up 58% YoY, 15% QoQ), higher than our estimate of Rs 6,435 crore.
Ebitda came in at Rs 3,875 crore (up 97% YoY, 19% QoQ), higher than our estimate of Rs 3,594 crore.
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