Volume and costs are expected to improve going forward, but trade war concerns might keep base metal and stock prices volatile in the near term
While the company's fourth-quarter may be a blip, the road ahead looks good given the announcement of its next phase of expansion
HZL, that produces over 95 per cent of primary silver in India, is the 10th largest silver producer in the world
Hindustan Zinc is one of the largest integrated producers of zinc-lead with a capacity of 1.0 million MT per annum
After the commissioning of the new mills, the ore treatment capacity will increase to 17.5 MT from the current 14.5 MT per annum
The total income rose 4.1% to Rs 62.20 billion, while total expenses increased 2%
Galvanised steel can help in improving the longevity of Indian Railways infrastructure: HZL
10-year high zinc prices drive profitability at a time coal costs are up
The company is on course to achieve production guidance while outlook for zinc prices remains strong
Rising prices, higher volumes and lower costs translate to strong earnings growth
Needed to compensate for softness in base metal prices due to geopolitical concerns
Profit rose because of higher production and sale of mined metal
The profit growth is the biggest in at least nine quarters
Hindustan Zinc's (HZL's) announcement of a dividend of Rs 27.50 a share was cheered by the Street, with its stock price up 2.7 per cent to close at Rs 320.20 on Thursday. The Street had expected a dividend of up to Rs 20. With a year-to-date one of Rs 29.45 a share, the dividend yield now comes to more than nine per cent, and the payout is higher than the Rs 27.8 a share in FY16. This has further bolstered the Street's confidence, as well as expectations, from HZL.The company has distributed about 55 per cent of the cash on its books by announcing about Rs 14,000 crore of payout on Wednesday evening. Analysts remain positive on this trend and are not concerned at the cash reduction in its books. This is because the company has strong cash flows, which analysts estimate to be close to Rs 10,000 crore a year in FY18 and in FY19. The continuous ramp-up in volumes and a strong zinc price outlook are key reasons for the expectation. The improving dividend payouts could also lead to ...
The stock was up 3% to Rs 322 on BSE in early morning trade.
Latest Rs 13,985 cr interim dividend takes total payout to record-breaking number on Wednesday
Plans to set up two more zinc fumer plants over the next two-three years
Increasing output and firm zinc price bode well for earnings growth
Rising production and firm zinc prices to keep earnings momentum strong
SAIL, Dalmia Bharat, Datamatics Global, Mastek, Pokarna and Sonata Software were among 24 stocks from the BSE500 & Small-cap indices hitting their respective 52-week highs in intra-day.