Hindustan Zinc announced Q3FY24 & 9MFY24 results: PAT at Rs 2,028 crore, up 17% QoQ on the back of consistent volume growth & cost reduction Ranked highest globally in S&P; Sustainability Assessment in Metals and Mining sector Quarterly Revenue, EBITDA and PAT up sequentially by 8%, 14% and 17% respectively Silver production at 197 MT for Q3FY24, up 22% YoY Highest ever nine months’ mined metal & silver production, driving the attainment of industry-leading CAGR and advancing towards achieving annual guidance Lowest zinc cost of production in last 10 quarters at US$ 1,095 per MT & 4th consecutive quarter of cost reduction Commenting on the performance, Arun Misra, CEO, said: “With our consistent focus on operational excellence, Hindustan Zinc delivered record nine-months mined metal and silver production to leverage the elevated silver price opportunities. The Company’s sustainable operational progress is reflected in its industry leading compounded annual production growth rate supplemented by safe practices. On sustainability front, advancing towards our decarbonisation mission, Hindustan Zinc has initiated the deployment of electric and LNG vehicles in its operations for inter-unit movements and finished goods transportation, thereby reducing the Scope 3 emissions. I am also happy to report that Hindustan Zinc has been ranked highest in the S&P; Global Corporate Sustainability Assessment (CSA) 2023 among 238 companies with the score of 85 out of 100 under the metals and mining sector, underscoring our dedication to sustainable and responsible mining practices.” Sandeep Modi, CFO,said: “This marks Hindustan Zinc’s fourth consecutive quarter of consistent cost improvement and the lowest cost in last 10 quarters. We continue to remain focused on cost optimisation, operational efficiencies, working capital management, digital improvements and shareholder value maximisation. During the quarter, Hindustan Zinc has delivered steady margin of c.49%, bolstered by operational milestones and cost reduction. The Company is now in the first decile of the global zinc mining cost curve preserving its cost leadership globally and targets to achieve its designed cost in the near future.” Result PDF