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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
  2011   2010   %

Net Sales/Income from operations
 

Refined Zinc

2,104

1,610

31%

Refined Lead & concentrate

255

145

76%

Refined Silver & payable Silver

content in Lead concentrate

309

101

206%

Others

153

95

60%
 

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)

Zinc

192,980

164,519

17%

Lead (1)

16,191

15,310

6%
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

Operational Performance

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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