Performance in line; CoP to remain under control

Company
22 Apr 2024
5 Min read 
  • Hindustan Zinc's 4QFY24 revenue was INR 75b, down 11% YoY.
  •  EBITDA stood at INR 36b, in line with estimates.
  •  Cost of production (CoP) was the lowest in 11 quarters.
  •  APAT for 4QFY24 was INR 20b, in line with estimates.
  •  Mined metal volume increased by 10% QoQ in 4QFY24.
  •  Operational guidance for FY25 includes higher production volumes and strong domestic zinc demand.
  •  The company expects CoP to be at USD 1,050-1,100/t in FY25.
  •  Valuation is neutral with a revised TP of INR 370.
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