Operating profit (EBITDA) climbed by 98% yoy and 17% sequentially to Rs3,875cr in Q4FY21 on account of higher revenue, favourable pricing environment and well-controlled operating costs.
Moreover, revenue from operations jumped by 56% yoy to Rs6,725cr in the quarter under review, led by higher metal and silver volumes, higher zinc and silver prices. Zinc sales volume increased by 15% yoy and lead surged by 29% yoy in line with higher production and robust demand.
Key highlights of the quarter are:
- Highest-ever UG Mined metal production of 288 kt.
- Highest-ever refined metal production of 256 kt.
- Saleable silver production of 203 MT.
- Zinc COP stood at $945 per MT.
Vinaya Jain, Sr. VP & Head Finance said, "We will continue our endeavour to improve business efficiencies and reduce costs through enhanced use of technology, digitalization efforts, data-driven decision making and most importantly, investment in people capabilities to sustainably generate industry-leading returns and create long term value for all stakeholders."
Hindustan Zinc said that both mined metal and finished metal production in FY22 will be higher than last year and is expected to be c.1025-1050 KT each.
Further, FY22 saleable silver production is expected to be higher and projected at c.720MT. Meanwhile, the Zinc cost of production is expected to remain below $1000 per MT during FY22.
The project CAPEX for FY22 is expected to be approximately $100M.
At around 12.29 pm, Hindustan Zinc is trading at Rs310.70 per piece down by 2.5% on Sensex.