Hindustan Zinc conference call was today at 4:00 pm.
"Sustainability in the business expected over next few quarter"
Here are the Key takeaways of the call ππ
"Sustainability in the business expected over next few quarter"
Here are the Key takeaways of the call ππ
Updates:
β’ The company is A rated in climate change all around the globe.
β’ 7 Rank Globally in metal and mining sector
β’ Lowered the cost reduction and is currently at the highest cost reduction in the past sector.
β’ Retail sales is back to normal.
Conti..
β’ The company is A rated in climate change all around the globe.
β’ 7 Rank Globally in metal and mining sector
β’ Lowered the cost reduction and is currently at the highest cost reduction in the past sector.
β’ Retail sales is back to normal.
Conti..
β’ Plant utlization at 92% and the return of labour has made product back to normal
β’ Premium rose in the zinc price, as the price of the major player has been increased.
β’ Silver-Global investor remain width during the quarter. Prices were up 1%.
Conti.
β’ Premium rose in the zinc price, as the price of the major player has been increased.
β’ Silver-Global investor remain width during the quarter. Prices were up 1%.
Conti.
β’ Mine Metals was up 2% YoY.
β’ On-line with previous expected target for silver and zinc sales.
β’ Silver sales were back to pre-covid levels
β’ EC approval has been received and the plant will be commissioned soon.
β’ E-Commerce sale has seen 4000 quantity of zinc till now
β’ On-line with previous expected target for silver and zinc sales.
β’ Silver sales were back to pre-covid levels
β’ EC approval has been received and the plant will be commissioned soon.
β’ E-Commerce sale has seen 4000 quantity of zinc till now
β’ Silver business- Higher silver price, rupee depreciation and the volume was key reason for the increase in sales.
β’ Zinc business- Zinc prices has been increased and the reduction of cost lead to changes in the LME price.
β’ Cost reduction this quarter has been all time low
β’ Zinc business- Zinc prices has been increased and the reduction of cost lead to changes in the LME price.
β’ Cost reduction this quarter has been all time low
β’ Completion of Back Fill plant will not increase production, but will improve the efficiency of prediction of demand and will improve the efficiency of production
β’ Volume- Q4 would have a slow volume pick-up and next year is expected to have a good volume pick -up.
β’ Volume- Q4 would have a slow volume pick-up and next year is expected to have a good volume pick -up.
β’ This quarter development was done over 27 km which might bring higher run rate.
β’ Grade- Q3 grade is 7.03, and the last quarter was 7.14 and over next few quarter it is expected to be normalize to 7.15.
β’ There are no clamps related to inventory holding.
β’ Grade- Q3 grade is 7.03, and the last quarter was 7.14 and over next few quarter it is expected to be normalize to 7.15.
β’ There are no clamps related to inventory holding.
Employee Cost-
β’ One time pay out for all employees as a sort of goodwill gesture. This is one time cost.
β’ 35 crores is the inbuilt additional cost this quarter.
β’ Next 6-18 months company expect coal price to remain int he same range.
β’ One time pay out for all employees as a sort of goodwill gesture. This is one time cost.
β’ 35 crores is the inbuilt additional cost this quarter.
β’ Next 6-18 months company expect coal price to remain int he same range.
Borrowing and Interest cost-
β’ Company took borrowing to manage temporary mismatch , now they have a business which doesn't have fear of not having cash so it's of no concern related to interest payments
β’ Company took borrowing to manage temporary mismatch , now they have a business which doesn't have fear of not having cash so it's of no concern related to interest payments
β’ Capex- Range remains 330 million Rs, of which 190 Million was sustainable CAPEX, rest remains growth expansion.
β’ Cash Flow- Closing cash remains at 2900 crores
β’ Budget Expectation- Mgmt do expect a better infra budget this year which will increase the demand of the zinc.
β’ Cash Flow- Closing cash remains at 2900 crores
β’ Budget Expectation- Mgmt do expect a better infra budget this year which will increase the demand of the zinc.
EC Approval:
β’ In Chanderia company is expecting to pick up the demand for which additional facility is needed, reason for EC approval.
β’ Zawar plant has optimized from past manufacturing leading to increase in production demand for where EC approval will be helpful
β’ In Chanderia company is expecting to pick up the demand for which additional facility is needed, reason for EC approval.
β’ Zawar plant has optimized from past manufacturing leading to increase in production demand for where EC approval will be helpful
β’ β’ β’
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