PR Newswire
MUMBAI, India, July 23, 2021
Vedanta Limited: The following release was issued today by Vedanta Limited's subsidiary Hindustan Zinc Limited
"PAT at INR1,983 Cr., up 46% Y-o-Y, Record-High first quarter refined metal & silver production"
MUMBAI, India, July 23, 2021 /PRNewswire/ --
Highlights for the quarter
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, said: "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"
Mr Vinaya Jain, Sr. VP & Head Finance, said: "We delivered our best ever Q1 Revenue, EBITDA and Profit after tax (PAT). Our strong balance sheet enables us to make proactive investments in operations and digitalization that will further enhance our mining output. We do recognize the headwinds from rising input commodity prices and are doubling our efforts to address them through long lasting structural cost initiatives. Additionally, we remain committed to our ESG goals and will continue to deploy necessary resources towards them. Sharp focus on cost leadership and profitability while building a sustainable business, will ensure long term value to all stakeholders.
Financial Summary | | | |||
INR. Crore or as stated | | | |||
Particulars | Q1 | Q4 | |||
| 2021 | 2020 | Change | 2021 | Change |
Sales1 | | | | | |
Zinc | 4,291 | 2,562 | 67% | 4,241 | 1% |
Lead | 826 | 604 | 37% | 999 | -17% |
Silver | 1,106 | 643 | 72% | 1,352 | -18% |
Others | 308 | 180 | 71% | 355 | -13% |
Total | 6,531 | 3,989 | 64% | 6,947 | -6% |
EBITDA | 3,558 | 1,599 | 123% | 3,875 | -8% |
Profit After Taxes | 1,983 | 1,359 | 46% | 2,481 | -20% |
Earnings per Share | 4.69 | 3.22 | 46% | 5.87 | -20% |
(INR, not annualised) | | | | | |
Mined Metal Production (kt) | 221 | 202 | 9% | 288 | -23% |
Refined Metal Production (kt) | | | | | |
Total Refined Metal | | | | | |
Zinc | 188 | 157 | 20% | 195 | -4% |
Saleable Lead2 | 48 | 45 | 9% | 61 | -21% |
Zinc & Lead | 236 | 202 | 17% | 256 | -8% |
Saleable Silver3,4 (in tons) | 161 | 117 | 37% | 203 Werbung Mehr Nachrichten zur Vedanta ADR Aktie kostenlos abonnieren
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