{"id":144021,"date":"2023-04-24T07:56:44","date_gmt":"2023-04-24T11:56:44","guid":{"rendered":"https:\/\/44.250.171.167\/?p=144021"},"modified":"2023-04-24T07:56:46","modified_gmt":"2023-04-24T11:56:46","slug":"hindustan-zinc-ltd-q4-fy23-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/hindustan-zinc-ltd-q4-fy23-earnings-conference-call-insights\/","title":{"rendered":"Hindustan Zinc Ltd Q4 FY23 Earnings Conference Call Insights"},"content":{"rendered":"<p><span class=\"embed-youtube\" style=\"text-align:center; display: block;\"><iframe loading=\"lazy\" class=\"youtube-player\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/efCdg1BjwLI?version=3&#038;rel=1&#038;showsearch=0&#038;showinfo=1&#038;iv_load_policy=1&#038;fs=1&#038;hl=en-US&#038;autohide=2&#038;wmode=transparent\" allowfullscreen=\"true\" style=\"border:0;\" sandbox=\"allow-scripts allow-same-origin allow-popups allow-presentation allow-popups-to-escape-sandbox\"><\/iframe><\/span><\/p>\n<p><strong>Key highlights from Hindustan Zinc Ltd (HINDZINC) Q4 FY23 Earnings Concall<\/strong><\/p>\n<p><strong>Management Update:<\/strong><\/p>\n<ul>\n<li>[00:16:26] Cost and capex guidance for FY24 is expected to be in the range of $1,125-1,175 per tonne for zinc and $175-200 million for projects.<\/li>\n<\/ul>\n<p><strong>Q&amp;A Highlights:<\/strong><\/p>\n<ul>\n<li>[00:17:58] Abhiram Iyer from Deutsche Bank asked if the company is looking to use the current cash balance for any inorganic acquisition. Sandeep Modi Interim CFO said the company currently has INR10,000 crore of gross investment in cash and cash equivalents and smaller borrowing. 1Q cash flow should recoup any losses and the guidance suggests more than INR1,000 crore could be generated in year one from an acquisition if it is approved by the Board.<\/li>\n<\/ul>\n<ul>\n<li>[00:20:04] Amit Dixit from ICICI Securities asked why the mined metal production guidance is subdued despite reaching 1.2 million tonnes in 4Q and what the key enablers are for reaching 1.2 million tonnes per annum. Arun Misra CEO replied HINDZINC is shifting its focus from producing 1.2 million tonnes of MIC to producing 1,100,000-1,075,000 tonnes of finished metal by installing a roaster and debottlenecking the leaching circuits in order to reach the target capacity.<\/li>\n<\/ul>\n<ul>\n<li>[00:21:46] Amit Dixit from ICICI Securities queried when the company can expect to reach the 1.2 million tonne in metal. Arun Misra CEO clarified that the estimated production of 1.2 million tonnes should be achieved by FY25-FY26.<\/li>\n<\/ul>\n<ul>\n<li>[00:22:29] Love Sharma from Lombard Odier enquired about the brand fee expenditure. Sandeep Modi Interim CFO answered that in this financial year, the impact of brand fees will be INR318 crore. The amount for the next financial year should be between INR650-700 crore, depending on turnover.<\/li>\n<\/ul>\n<ul>\n<li>[00:24:05] Sumangal Nevatia from Kotak Securities asked if the company is willing to take on more debt to pay a higher dividend in FY24 and if the FY23 payment was frontloading for FY24. Sandeep Modi Interim CFO replied that any decision about dividend payment will be taken by the Board and will depend on strong financial management. HINDZINC will inform when the decision is made.<\/li>\n<\/ul>\n<ul>\n<li>[00:28:10] Pinakin Parekh at \u00a0JPMorgan asked if HINDZINC\u2019s management will use operating cash flows to reduce the gross debt of INR12,000 crores in FY24 or if the debt will increase. Sandeep Modi Interim CFO replied that the company is confident that it will generate INR10,000 crore in cash flow by the end of March, which should be enough to offset any net debt.<\/li>\n<\/ul>\n<ul>\n<li>[00:29:20] Pinakin Parekh with JPMorgan asked will debt<span data-offset-key=\"3oual-56-0\"> balance<\/span><span data-offset-key=\"3oual-57-0\"> be<\/span><span data-offset-key=\"3oual-58-0\"> reduced<\/span><span data-offset-key=\"3oual-59-0\"> if<\/span><span data-offset-key=\"3oual-60-0\"> there<\/span><span data-offset-key=\"3oual-61-0\"> are<\/span><span data-offset-key=\"3oual-62-0\"> no<\/span><span data-offset-key=\"3oual-63-0\"> dividend<\/span><span data-offset-key=\"3oual-64-0\"> pay<\/span><span data-offset-key=\"3oual-65-0\">outs<\/span><span data-offset-key=\"3oual-66-0\"> in<\/span><span data-offset-key=\"3oual-67-0\"> FY<\/span><span data-offset-key=\"3oual-68-0\">24<\/span><span data-offset-key=\"3oual-70-0\">. Sandeep Modi Interim CFO answered that dividends are a board decision and will be informed when they occur. Investing in the company ensures that the investments are protected from any potential losses due to borrowings. Retained earnings can be used to give out more dividends than expected.<\/span><\/li>\n<\/ul>\n<ul>\n<li>[00:31:01] Ritesh Shah from Investec asked about HINDZINC&#8217;s holding, where 88% of it is either pledged or encumbered and whether this percentage can decrease in the future. Arun Misra CEO clarified that Vedanta holds the majority of the shares and it is not possible for HINDZINC to comment on this.<\/li>\n<\/ul>\n<ul>\n<li>[00:32:35] Kirtan Mehta from BOB Capital \u00a0queried if there are any other capital projects on the drawing board apart from the fertilizer and roaster plant that were discussed. Arun Misra CEO said that the company has its next target set at 1.5 million tonnes and will finalize the project details such as launch date and investment outlay in the next month.<\/li>\n<\/ul>\n<ul>\n<li>[00:33:38] Amit Dixit of ICICI Securities asked about the grade of ore in 4Q23 and how it compares QoQ. Sandeep Modi Interim CFO answered that the grade of ore in 4Q23 was 7.42% compared to the last quarter of 6.96%.<\/li>\n<\/ul>\n<ul>\n<li>[00:36:38] Pallav Agarwal from Antique Stock enquired why has the target for silver production been reduced from 1,000 tonnes to 750 tonnes and when can the target of 1,000 tonnes be achieved. Arun Misra CEO said investments in a roaster and debottlenecking of the leaching circuit at Chanderiya&#8217;s pyro plant will increase zinc and lead production, maximizing silver production to 800-825 tonnes within a year.<\/li>\n<\/ul>\n<ul>\n<li>[00:40:22] Ritesh Shah from Investec asked how the flow of capital will work for the HINDZINC, Zinc International transaction through the overseas subsidiary HZWOS and the purchase of shares of Zinc International. Sandeep Modi Interim CFO said since the proposal for a wholly-owned subsidiary has not yet been approved, HINDZINC cannot create the subsidiary yet. If it does happen, money will be transferred from the current company to the subsidiary, and the subsidiary would purchase the necessary assets.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from Hindustan Zinc Ltd (HINDZINC) Q4 FY23 Earnings Concall Management Update: [00:16:26] Cost and capex guidance for FY24 is expected to be in the range of $1,125-1,175 per tonne for zinc and $175-200 million for projects. Q&amp;A Highlights: [00:17:58] Abhiram Iyer from Deutsche Bank asked if the company is looking to use the [&hellip;]<\/p>\n","protected":false},"author":1767,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"Hindustan Zinc Ltd Q4 FY23 Earnings Conference Call Insights #HINDZINC #Q4 #FY23 #Earnings #Stocks","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9825,392,5746],"tags":[10169,8177,10302],"class_list":["post-144021","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-earnings","category-energy-stocks","tag-earnings","tag-metals","tag-non-ferrous-recycling"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":143938,"url":"https:\/\/alphastreet.com\/india\/earnings-summary-of-hindustan-zinc-for-q4-fy23\/","url_meta":{"origin":144021,"position":0},"title":"Earnings Summary Of Hindustan Zinc For Q4 FY23","author":"Hardik Bhandare","date":"April 21, 2023","format":false,"excerpt":"Hindustan Zinc Limited\u00a0 is an Indian mining company, primarily engaged in zinc-lead-silver mining and refining. The company operates in two segments: Zinc and Lead, and Silver. It owns and operates five mines located in the state of Rajasthan, along with a lead-zinc smelter, a silver refinery and a captive power\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/04\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-1-2.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/04\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-1-2.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/04\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-1-2.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/04\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-1-2.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/04\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-1-2.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/04\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-1-2.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":138852,"url":"https:\/\/alphastreet.com\/india\/earnings-summary-of-hindustan-zinc-for-q3-fy23\/","url_meta":{"origin":144021,"position":1},"title":"Earnings Summary Of Hindustan Zinc For Q3 FY23","author":"Hardik Bhandare","date":"January 20, 2023","format":false,"excerpt":"Hindustan Zinc (NSE: HINDZINC), a subsidiary of Vedanta Limited, is one of the world's largest integrated zinc-lead-silver producers. The company reported its earnings for the quarter ended December 31, 2023. The company reported a revenue of \u20b97,866 Crore for the quarter, a decrease of 2% year on year. The decline\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-1-2.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-1-2.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-1-2.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-1-2.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-1-2.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-1-2.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":143943,"url":"https:\/\/alphastreet.com\/india\/hindustan-zinc-q4-fy23-net-profit-declined-by-12\/","url_meta":{"origin":144021,"position":2},"title":"Hindustan Zinc Q4 FY23; Net Profit Declined By 12%","author":"Hardik Bhandare","date":"April 21, 2023","format":false,"excerpt":"Hindustan Zinc Limited reported Total Income for Q4 FY23 of \u20b98,863 Crore down from \u20b99,074 Crore year on year, a decline of 2.3%. Consolidated Net Profit of \u20b92,583 Crore, down 11.8% from \u20b92,928 Crore in the same quarter of the previous year. The Earnings per Share is \u20b96.11, down from\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/04\/cf1365eb-4505-401f-a54f-2b927a62414f-scaled.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/04\/cf1365eb-4505-401f-a54f-2b927a62414f-scaled.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/04\/cf1365eb-4505-401f-a54f-2b927a62414f-scaled.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/04\/cf1365eb-4505-401f-a54f-2b927a62414f-scaled.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/04\/cf1365eb-4505-401f-a54f-2b927a62414f-scaled.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/04\/cf1365eb-4505-401f-a54f-2b927a62414f-scaled.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":171664,"url":"https:\/\/alphastreet.com\/india\/hindustan-zinc-q2-fy26-profit-rises-15\/","url_meta":{"origin":144021,"position":3},"title":"Hindustan Zinc Q2 FY26: Profit Rises 15%","author":"Divyansh_Kasana","date":"October 20, 2025","format":false,"excerpt":"Incorporated in 1966, Hindustan Zinc is the world\u2019s second-largest integrated zinc producer and the third-largest silver producer globally, with an annual zinc capacity of 800,000 tonnes. The company dominates India\u2019s growing zinc market with a market share of approximately 75%, operating from its headquarters at Zinc City, Udaipur, alongside zinc-lead\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/HINDZINC-1.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/HINDZINC-1.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/HINDZINC-1.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/HINDZINC-1.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/HINDZINC-1.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/HINDZINC-1.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":142211,"url":"https:\/\/alphastreet.com\/india\/earnings-summary-of-hindustan-zinc-for-q3-fy23-2\/","url_meta":{"origin":144021,"position":4},"title":"Earnings Summary Of Hindustan Zinc For Q3 FY23","author":"Hardik Bhandare","date":"February 17, 2023","format":false,"excerpt":"Hindustan Zinc Limited (NSE: HINDZINC) is a leading producer of zinc and silver in India. The company is a subsidiary of Vedanta Resources Limited, a globally diversified natural resources company. HINDZINC operates mines, concentrators, and smelters in Rajasthan, India, and is one of the largest integrated zinc-lead producers in the\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-2-2.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-2-2.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-2-2.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-2-2.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-2-2.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-2-2.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":138847,"url":"https:\/\/alphastreet.com\/india\/hindustan-zinc-limited-q3-fy23-consolidated-pat-down-20\/","url_meta":{"origin":144021,"position":5},"title":"Hindustan Zinc Limited Q3 FY23; Consolidated PAT Down 20%","author":"Hardik Bhandare","date":"January 20, 2023","format":false,"excerpt":"Hindustan Zinc Limited (NSE: HINDZINC) reported a Revenue from Operations of \u20b97,866 Crores, a slight decline from \u20b97,990 Crore from the same quarter previous year. The Consolidated Net Loss for the business was down 20% to \u20b92,156 Crore. The Earnings per Share is \u20b95.10 for this quarter.","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/2c76e98f-ce88-43a4-87ed-45f6aa9fe308-scaled.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/2c76e98f-ce88-43a4-87ed-45f6aa9fe308-scaled.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/2c76e98f-ce88-43a4-87ed-45f6aa9fe308-scaled.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/2c76e98f-ce88-43a4-87ed-45f6aa9fe308-scaled.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/2c76e98f-ce88-43a4-87ed-45f6aa9fe308-scaled.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/2c76e98f-ce88-43a4-87ed-45f6aa9fe308-scaled.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/144021","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1767"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=144021"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/144021\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/125416"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=144021"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=144021"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=144021"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}