Q4FY23 Quarterly Result Announced for Hindustan Zinc Ltd.
Metals & Mining company Hindustan Zinc announced Q4FY23 results: Consolidated Q4FY23: Revenue down 3% YoY; due to lower metal & silver prices partly offset by higher volumes and favourable Fx rates EBITDA down 16% YoY; led by lower revenues and increased cost from input commodity inflation Consolidated PAT down 12% YoY; driven by lower EBITDA partly offset by lower tax expense Effective tax rate of 26.3% for Q4FY23 lower YoY Consolidated FY23: Revenue up 16% YoY; led by improved zinc prices & volumes, strategic hedging gains, favourable Fx rates and better lead & silver volumes partially offset by lower lead & silver prices EBITDA up 8% YoY; led by improved metal & silver volumes, zinc prices, strategic hedging gains & favourable Fx rates partly offset by higher costs and lower lead & silver prices Consolidated PAT up 9% YoY; led by higher EBITDA partly offset by increase in tax Effective tax rate of 31.2% for FY23 Result PDF21-04-2023
