Hindustan Zinc, a Vedanta group firm, reported a Q4 net profit of Rs 2,040, down 21% YoY from Rs 2583 crore in Q4 FY23. Sequentially, the net profit grew 0.5% to Rs 2,038 crore in Q4 from Rs 2,028 in the previous quarter.
The company’s revenue from operations fell 12% year on year to Rs 7,285 crore against Rs 8,281 crore it recorded in the same quarter the previous year. The revenue of Hindustan Zinc increased by 3% quarter-on-quarter from Rs 7,067 crore it reported in Q3.
The company’s EBITDA came in at Rs 3,641 crore, up 2% sequentially. It saw a fall of 14% on year as it stood at Rs 4,208 crore in the same period a year ago.
The revenue from operations for the full year fell on account of lower zinc prices and volumes, and strategic hedging impact in the base period partly offset by better silver & lead volumes and prices, and favourable exchange rates, said the company.
Hindustan Zinc’s FY25 outlook
Both mined metal and refined metal production in FY25 is expected to be higher than last year, given the ramp-up of all major projects commissioned in the last year and better capacity utilization. Mined metal is expected to be between 1,100-1,125 kt & refined metal production in the range of 1,075-1,100 kt.
FY25 saleable silver production is projected to be between 750-775 MT.
Zinc cost of production in FY25 is expected to be in between US$ 1,050-1,100 per MT. Project capex for the year is expected to be in the range of US$ 270-325 million