HZL Announces Results for the First Quarter Ended 30 June 2014

MUMBAI, India, July 21, 2014 /PRNewswire/ --

The following release was issued today by Sesa Sterlite Limited's subsidiary Hindustan Zinc Limited.

Hindustan Zinc Limited 

Results for the First Quarter Ended June 30, 2014 

Hindustan Zinc Limited today announced its results for the first quarter ended June 30, 2014.

     (Logo: http://photos.prnewswire.com/prnh/20140117/663814 )

Mr. Agnivesh Agarwal (Chairman, Hindustan Zinc) - "Zinc prices are looking up as market sentiments are improving and metal balance remains favourable. Our expansion projects will enhance our market leadership and we are aggressively accelerating our mine development efforts to increase future production."

Financial Summary

(In Rs. Crore, except as stated)

    Particulars                                               Q1                  Q4
                                                     2015      2014     Change      2014
    Net Sales/Income from Operations
    Zinc                                            2,057     1,986         4%     2,591
    Lead                                              452       402        12%       536
    Silver                                            318       408       -22%       375
    Others                                            136       143        -5%        87
    Total                                           2,963     2,939         1%     3,589
    EBITDA                                          1,352     1,506       -10%     1,736
    Profit After Taxes                              1,618     1,660        -3%     1,881
    Earnings per Share (Rs.)                         3.83      3.93        -3%      4.45
    Mined Metal Production ('000 MT)                  163       238       -31%       200
    Refined Metal Production ('000 MT)
    Total Refined Zinc                                141       174       -19%       183
    - Zinc - Integrated                               139       173       -20%       179
    Total Saleable Refined Lead[1]                     31        31        -1%        36
    - Saleable Lead - Integrated                       22        27       -21%        29
    Total Refined Saleable Silver[2],[3](in MT)        82        96       -15%        91
    - Saleable Silver - Integrated                     56        77       -28%        68
    Wind Power (in million units)                     146       162       -10%        76
    Zinc CoP without Royalty (Rs. / MT)            60,093    46,765        29%    55,467
    Zinc CoP without Royalty ( $ / MT)              1,005       836        20%       899
    Zinc LME ($ / MT)                               2,074     1,840        13%     2,029
    Lead LME ($ / MT)                               2,096     2,049         2%     2,106
    Silver LBMA ($ / oz.)                            19.6      23.1       -15%      20.5
    USD-INR                                          59.8      55.9         7%      61.8

(1)  Excluding captive consumption of 1,689 MT in Q1 FY 2015, as compared with 1,644 MT in corresponding prior period.