Hot Pursuit     03-Jan-24
Hindustan Zinc rises on reporting good production in Q3
Hindustan Zinc advanced 1.75% to Rs 319 after the company announced that its mined metal production stood at 271,000 tonnes in Q3 FY24, registering a growth of 7% year on year (YoY) and 8% quarter on quarter (QoQ).

The increase in mined metal production was mainly driven by mix of improved mined metal grades and higher ore production at Rampura Agucha & Sindesar Khurd Mine.

The zinc miner said that the refined metal production was at 259,000 tonnes, sequentially up by 7% resulting from better plant availability and up 1% YoY.

Refined lead production came in at 56,000 tonnes, rising 21% YoY on account of pyro operations on lead mode to maximise silver production as mentioned above and down 1% QoQ.

Saleable silver production was 6.3 million ounces (moz), up 22% YoY in line with lead metal production. It is up 9% QoQ in line with lead metal production and higher WIP accumulation in base period.

Wind power generation for Q3 FY24 was 55 million units, up 11% YoY & down 65% QoQ, depending upon wind velocity & seasonality impact.

For 9M FY24, the mined metal production was at 780,000 tonnes, up 2% YoY, driven by improved mined metal grades.

In line with management’s operational & financial strategy, pyro plant was operated on lead mode for longer duration compared to base period to maximise silver production. Accordingly, refined lead production and saleable silver production was at 163,000 tonnes and 17.9 moz, up 4% and 5% YoY respectively.

Hindustan Zinc, a Vedanta Group company, is an integrated producer of zinc, lead and silver. As of September 2023, Vedanta held 64.92% stake in the company.

The company's net profit declined 35.49% to Rs 1,729 crore in Q2 FY24 as compared with Rs 2,680 crore in Q2 FY23. Revenue from operations during the quarter was Rs 6,791 crore, down 18.5% year on year.

Previous News
  Hindustan Zinc Ltd up for third straight session
 ( Hot Pursuit - 16-Sep-24   13:05 )
  Hindustan Zinc declared as 'preferred bidder' for gold mine block in Rajasthan
 ( Hot Pursuit - 18-Nov-24   09:50 )
  Hindustan Zinc signs power delivery agreement with Serentica Renewables
 ( Corporate News - 11-Mar-25   12:04 )
  Hindustan Zinc fixes record date for 2nd interim dividend
 ( Market Beat - Reports 06-Dec-23   09:31 )
  Hindustan Zinc
 ( Results - Analysis 03-Aug-24   09:56 )
  Hindustan Zinc to declare Quarterly Result
 ( Corporate News - 13-Jul-23   10:15 )
  Hindustan Zinc to hold board meeting
 ( Corporate News - 23-Jan-25   11:07 )
  Hindustan Zinc gains after board declares interim dividend
 ( Hot Pursuit - 17-Nov-22   11:16 )
  CRISIL reaffirms ratings of Hindustan Zinc
 ( Hot Pursuit - 09-Jun-23   11:22 )
  Hindustan Zinc to conduct board meeting
 ( Corporate News - 16-Oct-24   12:46 )
  Hindustan Zinc Q4 PAT slides 12% YoY to Rs 2,583 cr
 ( Hot Pursuit - 21-Apr-23   15:56 )
Other Stories
  JSW Steel rises as Q1 PAT zooms 158% YoY to Rs 2,209 cr
  18-Jul-25   16:27
  BEML bags contract worth Rs 186 crore from Ministry of Defence
  18-Jul-25   15:18
  Mahindra EPC Irrigation gains after Q1 PAT turns positive to Rs 1 cr
  18-Jul-25   15:15
  Granules India CFO Dr. Kandiraju Venkata Sitaram Rao resigns
  18-Jul-25   15:08
  Clean Science & Technology Ltd leads losers in 'A' group
  18-Jul-25   15:00
  EMS spurts on bagging LoA from UP Jal Nigam
  18-Jul-25   14:54
  Atul Q1 PAT rises 14% YoY to Rs 128 cr
  18-Jul-25   14:54
  GMDC rallies amid rare-earth magnet policy developments
  18-Jul-25   14:49
  MPS Ltd leads losers in 'B' group
  18-Jul-25   14:45
  IOB Q1 PAT jumps 76% YoY to Rs 1,111 cr
  18-Jul-25   14:45
Back Top