Hindustan Zinc Q4 Review - Outlook Remains Strong, But Priced In: Motilal Oswal
Zinc ingots cool in the rotary foundry room. (Photographer: Andrey Rudakov/Bloomberg)

Hindustan Zinc Q4 Review - Outlook Remains Strong, But Priced In: Motilal Oswal

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.

Motilal Oswal Report

Hindustan Zinc Ltd.’s Q4 FY21 results were strong as revenue/Ebitda/profit after tax grew 15%/19%/13% quarter-on-quarter to Rs 69.5 billion/Rs 38.8 billion/ Rs 24.8 billion, 10%/12%/2% above our estimate – driven by 11% higher refined metal volumes and higher London Metal Exchange pricing.

The silver business remained strong with Ebit of Rs 12.2 billion (38% of total).

We expect a 9% compound annual growth rate in the company's volumes over FY21–23E, which would drive a 19% Ebitda CAGR.

Click on the attachment to read the full report:

Motilal Oswal Hindustan Zinc Q4FY21 Result Review.pdf

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