Hindustan Zinc Limited: Results for the Second Quarter and Half Year Ended September 30, 2017

MUMBAI, Oct. 23, 2017

Highlights for the quarter

• Hindustan Zinc globally ranked 3^rd in 'Environment' and 11^th 'Overall' in the Dow Jones Sustainability Index amongst Mining & Metal companies
• Refined zinc-lead metal production at 230kt, up 27% y-o-y
• Record refined silver production at 140 MT, up 31% y-o-y
• Mined metal production at 219kt, up 14% y-o-y
• EBITDA at Rs. 3,052 Crore; up 47% y-o-y 
• Net Profit at Rs. 2,545 Crore, up 34% y-o-y
• Interim dividend of Rs. 2 per share (100%)

Highlights for H1

• Refined zinc-lead metal production at 459kt, up 49% y-o-y
• Refined silver production at 255 MT, up 30% y-o-y
• Mined metal production at 452kt, up 42% y-o-y
• EBITDA at Rs. 5,456 Crore; up 70% y-o-y 
• Net Profit at Rs. 4,421 Crore, up 50% y-o-y

Hindustan Zinc Limited today announced its results for the second quarter and half year ended September 30, 2017.

Mr. Agnivesh Agarwal, Chairman –
"I am delighted to note the smooth transition to underground mining. Against a 5 year CAGR of 39% of our mined metal production, we expect this year's underground growth to be over 60%, demonstrating one of the best transitions globally. As our journey of 1.2 million MT of mined metal is coming closer, we are evaluating the next phase of our capacity expansion. The accelerating LME and record silver volumes are key drivers of our performance this quarter, though the higher commodity cycle is putting some pressure on our cost."

Financial Summary

(In Rs. Crore, except as stated)