Hindustan Zincs earnings: Hindustan Zinc Q2 Outcomes: Internet revenue rises 33% YoY to Rs 2,680 cr on larger zinc volumes

Group agency Hindustan Zinc on Friday reported 32.8 per cent rise in consolidated web revenue to Rs 2,680 crore for the September quarter of the present monetary yr. The corporate had posted a web revenue of Rs 2,017 crore for the year-ago interval, mentioned in a submitting to the BSE.

“Internet revenue for the quarter was at Rs 2,680 crore…on account of upper zinc volumes and costs, achieve from strategic hedging, and beneficial change charges whereas being partially offset by the rising enter commodity costs and decrease lead and silver costs,” the corporate mentioned in an announcement.

Income from operations in July-September interval elevated to Rs 8,127 crore from Rs 5,958 crore within the year-ago quarter, the submitting mentioned.

“Our world-class mining belongings backed with our zeal for operational excellence has enabled us to ship constant leads to the hardest of circumstances. We’ve additional accelerated our digitalisation efforts to help in our enterprise effectivity and security,” Hindustan Zinc CEO Arun Misra mentioned.

The corporate’s mined steel output through the interval underneath evaluate was at 2,55,000 tonne, up 2.8 per cent on the again of higher grades and improved mill recoveries.

Hindustan Zinc’s built-in steel manufacturing within the quarter was 2,46,000 tonne, up 17.5 per cent year-on-year.

The corporate is the nation’s solely built-in producer of zinc, lead and silver. It has its headquarters in Udaipur, Rajasthan the place it has its zinc, lead mines and smelting complexes.