Hindustan Zinc Limited Results For The First Quarter Ended 30 June 2011
Hindustan Zinc Limited (“HZL” or the “Company”) today announced its results for the first quarter (“Q1”) ended 30 June 2011.
|Unaudited Financial Summary|
|( in Rs. Crore, except as stated)|
|Quarter Ended 30 June||Change|
|Net Sales/Income from operations|
|Refined Lead & concentrate||255||145||76%|
|Refined Silver & payable Silver|
|content in Lead concentrate||309||101||206%|
|Profit before depreciation & tax (PBDT)||1,937||1,174||65%|
|Profit After Taxes||1,495||891||68%|
|Earnings Per Share (Rs.)||3.54||2.11||68%|
|Production – Mined Metal (tonnes)|
|Zinc & Lead||188,403||181,930||4%|
|Production – Refined Metal (tonnes)|
|Silver (kg) (2)||46,782||43,309||8%|
|(1) Including captive consumption of 1,391 tonnes in Q1 FY2012 vs. 1,166 tonnes in Q1 FY2011.|
|(2) Including captive consumption of 7,196 kg in Q1 FY2012 vs. 6,133 kg in Q1 FY2011|
Mined metal production was higher by 4% at 188,000 tonnes in Q1, compared with the corresponding prior quarter. Higher contributions from Sindesar Khurd mine was offset by the volume loss due to an unplanned shutdown at Rampura Agucha mine. We expect to recover the shortfall in production volume at Rampura Agucha during rest of the year.
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