Hindustan Zinc Q1 Review - Higher Commodity Continues To Propel Earnings: ICICI Securities

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 Securities Report .Hindustan Zinc Ltd. continues to prepare for its eventual leap towards 1.2 million tonnes per annum and then 1.35mtpa of mined metal production.While, FY22 was expected to witness ramp-up in production to 1.2mtpa, second wave of Covid-19 outbreak in India seems to have postponed the same. Hindustan Zinc's management continues to guide for a conservative 11.5% YoY mined metal production growth (mid-point). Similarly, silver production guidance has been maintained at 720 tonne. Q1 FY22 witnessed significant cost escalation (13% QoQ) because of higher coal and diesel prices. This along with lower than expected metal production led to 5% Ebitda miss. Project development (capital) is being continued at an impressive pace..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint. .Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Hindustan Zinc Q1 Review - Higher Commodity Continues To Propel Earnings: ICICI Securities

Hindustan Zinc Q1 Review - Higher Commodity Continues To Propel Earnings: ICICI Securities

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