The company posted Q1FY20 revenue declines of 6.1% YoY to Rs. 4,987cr (-4.2% QoQ), primarily driven by 8.0% YoY fall in Zinc revenue (representing 70.4% of revenue) and a 6.2% YoY decline in Lead sales (13.7% of revenue). Despite growth in production (zinc and lead volumes up 2.3% YoY), revenue was impacted by weak metal prices, with Zinc and Lead prices falling 11.2% and 21.1% YoY, respectively. EBITDA declined 8.7% YoY to Rs. 2,477cr. with EBITDA margin falling 140bps YoY to 49.7%, owing to a weaker mix and higher costs. Zinc cost of production increased 6% YoY. Q1FY20 Operating profit of Rs. 1,943cr (-16.5% YoY) was further impacted by higher...