1QFY21 results of Hindustan Zinc - Mr. Jyoti Roy, DVP Equity Strategist, Angel Broking Ltd

"Hindustan Zinc reported a 20% YoY de-growth in revenues to Rs.3,989 crore for Q1FY21, as compared to revenues of Rs.4,987 crore for Q1FY20. EBIDTA for the quarter stood at Rs.1,576 crore down 36.4% YoY while EBIDTA margins contracted by 987bps to 40.4%. Net profit for the quarter stood at Rs.1,359 crore as compared to profit of Rs.1,765 crore in the corresponding quarter previous year. Revenue was adversely impacted due to drop in both production and realizations. While mined metal production was down by 5% yoy realizations for lead and Zinc were down by 11% and 19% yoy though silver realizations were up by 10% yoy.

Going forward we expect sequential improvement in numbers from here on due to better sales volumes and realizations."

Shares of HINDUSTAN ZINC LTD. was last trading in BSE at Rs.197.3 as compared to the previous close of Rs. 182.95. The total number of shares traded during the day was 670411 in over 12982 trades.

The stock hit an intraday high of Rs. 205.6 and intraday low of 187. The net turnover during the day was Rs. 132238853.

Source : Equity Bulls

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