Fundamental analysis for Hindustan Zinc India’s largest Zinc producer.
Which deliver double-digit profit growth in the March quarter of 2022.
Reported an 18% jump in net profit for the quarter ending 31 March
Revenue grew by 27% Y-o-Y to Rs 8,797 Crore as mined metal production grew by 3% to 295,000 million tonnes.
The company produces Zinc, Lead & Silver.
“Hindustan Zinc touched the record one Million tonne mark this year”, Arun Mishra chief executive of Hindustan Zinc said in a press statement.
Zinc prices were 37% higher Y-o-Y on the LONDON METAL EXCHANGE (LME) at $3,754 per tonne.
Financials
Over the Financial Year FY23, the company expects mined metal production to increase further to around 1.05 - 1.09 Million tonnes.
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