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Hindustan Zinc Limited Results For The First Quarter Ended 30 June 2013

Stocks in this article: SLT

Hindustan Zinc Limited (“HZL” or the “Company”) today announced its results for the first quarter ended 30 June 2013.

Highlights for the quarter

  • Mined metal production up 27%
  • Integrated zinc metal production up 10%
  • EBITDA up 6% to Rs 1,506 Crore

Mr. Agnivesh Agarwal (Chairman, Hindustan Zinc) – “We delivered growth on all fronts in the quarter and are committed to consistently deliver superior performance and maintain our leadership position.”

 

Financial Summary

( In Rs Crore, except as stated)

*financial and production numbers are rounded-off;

    Q1   Q4
Particulars   2014   2013   Change   2013
                 
Net Sales/Income from Operations                
Zinc 1   1,986   1,816   9%   2,655
Lead   402   342   18%   443
Silver   408   388   5%   611
Others   143   167   -14%   141
Total   2,939   2,713   8%   3,850
                 
EBITDA   1,506   1,426   6%   2,127
Profit After Taxes   1,660   1,581   5%   2,166
Earnings per Share (Rs)   3.93   3.74   5%   5.13
                 
Mined Metal Production ('000 MT)   238   187   27%   260
Refined Metal Production ('000 MT)                
Total Refined Zinc   174   161   8%   182
- Refined Zinc – Integrated   173   157   10%   181
Total Refined Lead 2   33   31   5%   35
- Refined Lead – Integrated   29   29   1%   32
Total Refined Saleable Silver 3 (in MT)   96   73   31%   108
- Refined Saleable Silver – Integrated   77   71   9%   91
Wind Power (in million units)   162   182   -11%   79
                 
Zinc CoP without Royalty (Rs / MT)   46,765   45,759   2%   44,901
Zinc CoP without Royalty ( $ / MT)   836   844   -1%   829
                 
Zinc LME ($ / MT)   1,840   1,928   -5%   2,033
Lead LME ($ / MT)   2,049   1,974   4%   2,301
Silver LBMA ($ / oz.)   23.1   28.3   -18%   30.1
USD-INR   55.9   54.2   3%   54.2
(1)   Including Zinc concentrate sale of nil in Q1 FY 2014 as compared to nil in corresponding prior quarter and 61,097 MT MIC in Q4 FY 2013
(2) Including captive consumption of 1,644 MT in Q1, as compared with 1,641 MT in corresponding prior quarter and 1,777 MT in Q4 FY 2013
(3) Excluding captive consumption of 8.8 MT in Q1, as compared with 8.6 MT in corresponding prior quarter and 9.2 MT in Q4 FY 2013
 

Operational Performance

Mined metal production was 237,825 MT in Q1, as compared with 186,642 MT in the corresponding prior period. The increase was in line with our plan to deliver 1.0 million MT mined metal production for the year.

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