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Hindustan Zinc Limited Results For The Second Quarter And Half Year Ended 30 September 2011

Stocks in this article: SLT

Mr. Agnivesh Agarwal (Chairman, Hindustan Zinc) – “Hindustan Zinc is currently the world’s largest integrated Zinc-Lead producer and among the lowest cost producers of Zinc-Lead in the world. We are consistently evaluating opportunities for further growth, on the back of our large reserves & resources base, strong liquidity position & cash flow generation, and low cost operations.”

Hindustan Zinc Limited (“HZL” or the “Company”) today announced its results for the second quarter (“Q2”) and half year (“H1”) ended 30 September 2011.

Unaudited Financial Summary

     

( In Rs Crore, except as stated)

             
Quarter Ended Half Year Ended  
30 September Change 30 September Change
    2011   2010   %   2011   2010   %
   
Net Sales/Income from operations
Refined Zinc & concentrate 2,034 1,786 14 % 4,140 3,397 22 %
Refined Lead & concentrate 174 172 1 % 418 316 32 %
Refined Silver 239 108 121 % 467 209 123 %
Payable Silver in concentrate 8 12 -33 % 99 11 800 %
Others 138 85 62 % 291 181 61 %
Total 2,593 2,163 20 % 5,415 4,114 32 %
 
Cash Profit (PBDT) 1,816 1,289 41 % 3,752 2,462 52 %
 
Profit After Taxes 1,345 949 42 % 2,840 1,840 54 %
 
Earnings Per Share (Rs.) 3.18 2.25 42 % 6.72 4.35 54 %
 
Production - Mined Metal (Tonnes)
Zinc & Lead 209,676 204,836 2 % 398,079 386,766 3 %
 
Production - Refined Metal (Tonnes)
Zinc 184,816 176,239 5 % 377,796 340,758 11 %
Lead (1) 17,005 16,167 5 % 33,196 31,477 5 %
Silver (in kg) (2)   49,274   43,953   12 %   96,056   87,262   10 %
 

(1) Includes captive consumption of 1,348 tonnes and 2,739 tonnes in Q2 FY2012 and H1 FY2012, as compared with 1,646 tonnes and 2,812 tonnes in corresponding prior periods, respectively.

(2) Includes captive consumption of 7,193 kg and 14,389 kg in Q2 FY2012 and H1 FY2012, as compared with 8,612 kg and 14,745 kg in corresponding prior periods, respectively.

Operational Performance

Mined metal production in Q2 was 209,676 tonnes, up 2% as compared with the corresponding prior quarter.

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