Hindustan Zinc - Healthy Reserve Base Provides Earnings Visibility Over Long Term: ICICI Direct
A worker uses a tool to scrape the surface of a cooling zinc ingot in the rotary foundry room. (Photographer: Andrey Rudakov/Bloomberg)

Hindustan Zinc - Healthy Reserve Base Provides Earnings Visibility Over Long Term: ICICI Direct

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

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.

Click on the attachment to read the full report:

ICICI Direct Hindustan Zinc Q4FY21 Result Update.pdf

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