Hindustan Zinc Limited Results For The Fourth Quarter And Year Ended 31 March 2012

Hindustan Zinc Limited (“HZL” or the “Company”) today announced its results for the fourth quarter (“Q4 FY2012”) and full year ended 31 March 2012 (“FY2012”).

Financial Summary
       
                (In Rs Crore, except as stated)
Quarter ended 31st March Year ended 31st March
    2012   2011   Change%   2012   2011   Change%
Net Sales/Income from Operations    
 
Zinc 2,122 2,373 -11% 8,265 7,894 5%
Lead 415 318 31% 1,141 859 33%
Silver 409 379 8% 1,232 752 64%
Others 189 167 13% 767 534 44%
Total 3,135 3,237 -3% 11,405 10,039 14%
 
Cash Profit (Net Profit + Depreciation) 1,580 1,898 -17% 6,137 5,375 14%
 
Profit After Taxes 1,413 1,771 -20% 5,526 4,900 13%
 
Earnings Per Share (Rs.) 3.34 4.19 -20% 13.08 11.60 13%
 
Production - Mined Metal ('000 tonnes)
Zinc & Lead 223 231 -3% 830 840 -1%
 
Production - Refined Metal ('000 tonnes)
Total Zinc 190 194 -2% 759 712 6%
- Fully integrated Zinc 190 194 -2% 759 712 6%
Total Lead 1 37 18 110% 99 63 56%
- Fully integrated Lead 31 18 77% 89 63 41%
Total Silver 2 (tonnes) 88 50 77% 242 179 35%
- Fully integrated Silver   83   50   67%   237   179   32%

(1) Including captive consumption of 2,156 tonnes and 6,625 tonnes in Q4 and full year, compared to 1,340 tonnes and 5,898 tonnes in corresponding prior periods, respectively. (2) Including captive consumption of 11,345 Kgs and 34,917 Kgs in Q4 and full year, compared to 7,016 Kgs and 30,997 Kgs in corresponding prior periods, respectively. (3) Silver occurs in Lead & Zinc ore and is recovered in the smelting and silver-refining processes

Operational Performance

Mined metal production was 830,000 tonnes in FY2012 and 223,000 tonnes in Q4 FY2012, compared to 840,000 tonnes and 231,000 tonnes in the corresponding prior period. The marginal decline was due to a temporary decline in ore grade at RA mine, partially offset by higher metal recoveries across all mines and increased production at SK mine. SK mine ramped-up to 80% utilization in Q4 FY2012.

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