Hindustan Zinc Limited; Results For The Third Quarter And Nine Months Ended 31 December 2012

Hindustan Zinc Limited:

Mr. Agnivesh Agarwal (Chairman, Hindustan Zinc) – “I am pleased to announce that the Board of Directors has approved the next phase of growth projects, which will deliver superior performance in future and create long-term value for stakeholders”.

Hindustan Zinc Limited (“HZL” or the “Company”) today announced its unaudited results for the third quarter (“Q3”) and nine months (“nine months period”) ended 31 December 2012.

Unaudited Financial Summary

			(In Rs Crore, except as stated)
			Quarter Ended										Nine-month Ended
			31st December										31st December
			2012			2011			Change				2012			2011		Change
Net Sales/Income from Operations
Zinc			1,975			2,004			-1%				5,634			6,144		-8%
Lead			371			308			20%				1,054			726		45%
Silver			645			257			151%				1,482			823		80%
Others			149			178			-16%				505			469		8%
Total			3,140			2,747			14%				8,675			8,162		6%
Cash Profit (Net Profit + Depreciation)			1,790			1,436			25%				5,259			4,557		15%
Profit After Taxes			1,613			1,274			27%				4,734			4,113		15%
Earnings Per Share (Rs.)			3.82			3.01			27%				11.20			9.73		15%
Production - Mined Metal ('000 tonnes)			233			209			11%				610			607		0%
Zinc & Lead
Production - Refined Metal ('000 tonnes)
Total Zinc			171			191			-10%				495			569		-13%
- Fully integrated Zinc			168			188			-10%				479			563		-15%
Total Lead 1			32			29			11%				90			62		45%
- Fully integrated Lead			22			25			-11%				75			58		29%
Total Silver 2 (tonnes)			117			58			103%				290			154		89%
- Fully integrated Silver			62			58			8%				222			154		44%
Metal Prices and Exchange Rate
Zinc LME (USD/MT)			1,947			1,897			3%				1,920			2,123		-10%
Lead LME (USD/MT)			2,199			1,983			11%				2,051			2,328		-12%
Silver LBMA (USD / oz)			32.7			31.9			3%				30.7			36.2		-15%
INR / USD			54.1			51.0			6%				54.5			47.2		16%

(1) Includes captive consumption of 1,647 tonnes in Q3 FY2013 vs. 1,730 tonnes in Q3 FY2012, and 4,723 tonnes in ‘nine months period’ FY2013 vs. 4,469 tonnes in ‘nine months period’ FY2012.

(2) Includes captive consumption of 8,440 Kgs. in Q3 FY2013 vs. 9,182 Kgs. in Q3 FY2012, and 24,606 Kgs. in ‘nine months period’ FY2013 vs. 23,572 Kgs. in ‘nine months period’ FY2012.

Operational Performance

Mined metal production in Q3 was up 11% at an all time high of 233kt, compared with the corresponding prior quarter. This was 22% higher sequentially and we expect to close the year ahead of last year’s production, in accordance with our earlier guidance.

1 2 3 4 Next › Last »