Zinc COP: $1070 per ton
Hindustan Zinc Limited, the leading global integrated producer of zinc, lead and silver, reported its results for the first quarter ended June 30, 2021.
Commenting on the Q1 performance,
Mr Arun Misra, CEO,
We delivered highest-ever Q1 ore, refined metal & silver production. After exiting at a run-rate of 1.2 mtpa in fiscal year 2021, we maintained the momentum of production in Q1 with Year-on-Year growth of 15% in ore, 17% in refined metal & 37% in silver inspite of the spurt in covid cases in the second wave of the pandemic. Besides good operational performance, I am happy to inform that Hindustan Zinc has received Most Sustainable Company in the Mining Industry – 2021 award from World Finance Sustainability Award 2021. Also, our Rampura Agucha mine has won CII s Best Application & Use of Renewable Energy award in the 5th Edition CII National Energy Efficiency circle -2021
Hindustan Zinc Q1 net profit rises 46% to Rs 1,983 cr aided by higher volumes
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Hindustan Zinc net profit rises 46% to Rs 1,983 cr in Q1 on higher volumes
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Ebitda up 0.4% to Rs 464.5 vs Rs 462.6 crore
Profit after tax up 8.2% to Rs 343.4 crore vs Rs 317.3 crore
Tata Metaliks (Q1FY22, Consolidated, QoQ)
Revenue down 8.7% to Rs 603 crore vs Rs 660.8 crore
Profit up 26% to Rs 94.72 crore vs Rs 75 crore
Stocks To Watch
Vedanta, Hindustan Zinc: Announced production results for Q1FY22. Mined metal production for the quarter was 221,000 tonnes, up 9% as compared to Q1FY21 on account of higher ore production largely at Rampura Agucha mines (RAM) and Zawar mines. This was partially offset by lower overall metal grades. In comparison to Q4FY21, it decreased by 23%, mainly due to lower ore production at Sindesar Khurd & Rampura Agucha mines due to operators absenteeism in April & May in light of second wave of Covid-19. Integrated metal production was 236,000 tonnes for Q1 FY22, up 17% as compared to Q1 FY21 in line with higher availability of mined metal and down 8% as compared to Q4 FY21 on account of lower mined metal production. Integra