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    500188   INE267A01025

HINDUSTAN ZINC LIMITED

(500188)
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Hindustan Zinc 1Q Net Profit Fell 23% on Slower Zinc, Lead Sales

07/21/2020 | 07:18am EDT

By Kosaku Narioka

Hindustan Zinc Ltd. said Tuesday that its first-quarter net profit fell 23% due to lower sales of zinc and lead.

Net profit for the quarter ended June fell to 13.59 billion rupees ($181.8 million) from INR17.65 billion a year earlier, the Indian mining company said. That beat the estimate of INR11.02 billion from a FactSet poll of analysts.

First-quarter revenue declined 20% to INR39.89 billion, it said.

Its zinc sales fell 27%, lead sales dropped 12% and silver sales rose 12%.

Deputy Chief Executive Arun Misra said the company successfully restarted operations after lifting lockdown measures in April and ramped up operations across all mines and smelters to near-normal levels.

 

Write to Kosaku Narioka at kosaku.narioka@wsj.com

 

Stocks mentioned in the article
ChangeLast1st jan.
GOLD -0.14% 1796.87 Delayed Quote.-5.29%
HINDUSTAN ZINC LIMITED -1.87% 320.5 End-of-day quote.34.16%
SILVER 0.29% 24.809 Delayed Quote.-4.48%
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Financials
Sales 2022 280 B 3 757 M 3 757 M
Net income 2022 105 B 1 406 M 1 406 M
Net cash 2022 162 B 2 181 M 2 181 M
P/E ratio 2022 12,8x
Yield 2022 6,06%
Capitalization 1 336 B 17 935 M 17 958 M
EV / Sales 2022 4,20x
EV / Sales 2023 3,92x
Nbr of Employees 3 719
Free-Float 5,65%
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Mean consensus -
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Last Close Price 320,50 
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Managers and Directors
Arun Misra Chief Executive Officer & Executive Director
Vinaya Jain Senior Vice President & Head-Finance
Kiran Agarwal Chairman
Rajendra Pandwal Secretary & Compliance Officer
Anjani Kumar Agrawal Independent Non-Executive Director
Sector and Competitors