BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
Hindustan Zinc Ltd.'s Q3 FY21 results were strong, as expected, with Ebitda up 43% YoY on higher volumes and prices.
While silver business remained strong with Ebit of Rs 10.1 billion (37% of total), zinc realized premiums recovered to pre-Covid-19 levels as the share of domestic volumes improved in Q3.
As major projects near completion, we expect 9% compound annual growth rate in the company's volumes over FY21-23E, driving an 18% CAGR in Ebitda.
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