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![viceroyresearch Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::812145753338548224.png) Viceroy [@viceroyresearch](/creator/twitter/viceroyresearch) on x 46.4K followers
Created: 2025-07-21 03:53:02 UTC

HZL EARNINGS CALL

HZL paid out far more in dividends than it earned, borrowing to cover the shortfall. We estimate HZL’s FCF shortfall in Q1 to be ~ ₹3,600 crore ($371m). $VEDL 3/

![](https://pbs.twimg.com/media/GwWhlzuWMAIhaF8.jpg)

XXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1947142748970074409/c:line.svg)

**Related Topics**
[$vedl](/topic/$vedl)
[$371m](/topic/$371m)
[quarterly earnings](/topic/quarterly-earnings)

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