Hindustan Zinc Ltd reported 8.16% growth in total revenues for the Sep-21 quarter on a consolidated basis at Rs6,122cr. The revenues were lower by -6.26% on a sequential basis compared to Rs6,531cr revenues in the Jun-21 quarter.
The consolidated profit after tax (PAT) for the Sep-21 quarter was up 3.97% at Rs2,017cr. Profits were up 1.71% compared to the profits in the sequential quarter as profit margins came under pressure.
Zinc reported 18% growth in sales on yoy basis at Rs3,926cr while lead was up 3% at Rs885cr. The silver business was under pressure with top line revenues falling by -21% yoy at Rs983cr. The price of zinc and lead on the LME were up 25% to 28%, which ensured higher sales despite volumes pressure.
The stock ended at Rs323.35 up by Rs0.2 or 0.06% from its previous closing of Rs323.15 on the BSE. The scrip opened at Rs327 and has touched a high and low of Rs327.20 and Rs322 respectively.
