InvestorQ : How do you see the quarterly results of Hindustan Zinc in aftermath of Mar-20 results?
Khushi Patel made post

How do you see the quarterly results of Hindustan Zinc in aftermath of Mar-20 results?

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Anjana Aiyar answered.
7 months ago
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Hindustan Zinc, subsidiary of Vedanta, reported 33.4% fall in net profits to Rs.1339 crore for Mar-20 quarter. Even total income was down by 20% at Rs.4861 crore. Most commodity companies are seeing huge disruption not seen in the last 60 years and that had impacted the performance of HZL. However, HZL had ramped up operations to normal levels. HZL had stopped operations since March 22 and most employees were encouraged to work from home. Currently mines are operating at 40% and smelters at 80% and this are likely to be ramped up to 100% soon. HZL has postponed guidance for 2020-21 due to the heightened uncertainty.

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