Hindustan Zinc Announced Q1FY23 Result :

• “Highest-ever first quarter Mined Metal, Refined Metal & Silver Production; PAT at INR 3,092 Crore, up 56% YoY”
• Mined metal production: 252 kt
• Refined metal production: 260 kt
• Saleable silver production: 177 MT
• Zinc COP: US$ 1,264 per MT

Commenting on the performance, Mr Arun Misra, CEO, said: “Hindustan Zinc delivered best first-quarter production for mined metal, refined metal & silver. With the exit run-rate for both mined & refined metal crossing over one million tonnes, we are fully geared to deliver another stellar performance this year. Board approval received for setting-up of the Fertilizer plant & an additional Roaster is also a welcome move. With such synergetic growth projects along the value chain, we are confident to deliver long-lasting sustainable value for all stakeholders.”

Mr Sandeep Modi, Deputy & Interim CFO, said: “Hindustan Zinc touched a new milestone with highest ever quarterly Revenue, EBITDA and Net Profit. Our proactive approach to cash in the opportunity from higher LME through strategic hedging helped us to protect overall margin in an input commodity inflationary environment. As a management team, we continue to monitor the coal cost situation closely & all efforts are in place to ensure security over the short term and reduce dependence on Thermal in the medium to long term through right investments in renewable projects.”

Result PDF