Zinc company Hindustan Zinc announced Q2FY25 results Recorded highest-ever second quarter and half year mined and refined metal production. Clocked lowest ever Q2 cost of production in the last four years at USD 1,071/MT. Highest-ever EBITDA & PAT (before exceptional items) in last six quarters; Silver segment contributes over 40% in overall profitability. Best in class EBITDA margin over 50%; Highest-ever in last eight quarters (up 450 bps YoY). Domestic primary zinc market share jumped from 71% to 78% YoY. Board approved power delivery agreement III with Serentica for increasing RE power consumption (round-the-clock) from c.50% to c.70%. Partnership for developing next-gen zinc-based batteries with Jawaharlal Nehru Centre for Advanced Scientific Research (JNCASR), a premier institute sponsored by Govt. of India. Arun Misra, Chief Executive Officer, said: “Hindustan Zinc has continued to gather momentum from its previous quarter to record historic highs in its second quarter mined and refined metal production. Leveraging strong precious metal prices, we have focused on maximizing our silver production through pyro operations on lead mode, resulting in a 10% sequential increment in silver volumes. To advance our net zero commitment, the Board approved the third round-the-clock renewable energy (“RE”) delivery agreement with Serentica for 530 MW, totalling RE power contribution to over 70% of the total power requirement. With an objective to expand zinc applications, we have also signed an MoU with JNCASR, a premier institute sponsored by the Department of Science and Technology, for development work on next-gen zinc-based batteries. The quarter also witnessed multiple recognitions for HZL’s commitment towards safety, across prestigious platforms like British Safety Council and All India Mine Safety Awards, with our first allwomen underground mine rescue team being recognized as world’s second-best women’s task force.” Sandeep Modi, Chief Financial Officer, said: “During the quarter, Hindustan Zinc recorded a 6-quarter highest EBITDA and PAT before exceptional items with a strong operational performance, supported by favourable market conditions. Substantiating its drive towards continuing operational excellence and global cost leadership, HZL recorded a significant cost reduction of 7% YoY in the first half of the fiscal year, clocking a cost of production of USD 1,071 per tonne for the quarter. The execution of third renewable power delivery agreement will further support the cost reduction and its predictability. The Company also registered an 8-quarter highest EBITDA margin during the quarter, which clocked over 50% with a 450 bps YoY improvement.” Result PDF