Hindustan Zinc’s refined zinc and lead production fell by 10pc to 219,000mt in the quarter ending Dec 2019 from the prior-year period but rose by 4pc from Jul-Sep 2019.
Zinc production declined by 5pc to 178,000mt in Oct-Dec 2019 from 188,000mt in the prior-year period. Output in Oct-Dec rose by 7pc from 166,000mt in Jul-Sep.
The company produced 41,000mt of lead in Oct-Dec 2019, down by 24pc from 54,000mt in the prior-year period. Lead output also declined by 7pc from Jul-Sep 2019.
| Refined metal production (‘000mt) | Q3 2020 | Q3 2019 | % Change | Q2 2020 | % Change |
| Zinc | 178 | 188 | -5% | 166 | 7% |
| Lead | 41 | 54 | -24% | 44 | -7% |
| Total Zinc and Lead Production | 219 | 242 | -10% | 210 | 4% |
Mined metal output rose by 7pc to 235,000mt from the prior quarter but however was down by 5pc in Oct-Dec 2019, from the year prior. In 2019, metal production declined by 3pc on lower grades of ore from Kayad and Sindesar Khurd (SK) mines which was offset by higher ore production.
Hindustan Zinc’s integrated metal production rose in quarter ending Dec from the prior quarter, driven by an increase in zinc production. The company’s integrated lead production declined its DSC lead smelter faced temporary issues.
Financial Performance
Hindustan Zinc’s revenue in Oct-Dec was Rs5,117cr ($718mn), down by 16pc from the prior year. The company’s operating profit was Rs2,095cr, down by 26pc in quarter ending December from the prior year period. The company’s net profit declined 68pc to Rs 2,095cr from Rs6,525cr in 2018.
($1 = Rs71.19)