Hindustan Zinc's Record Silver & Metal Production, Resilient Costs Yield INR 7,759 Cr PAT

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Hindustan Zinc's Record Silver & Metal Production, Resilient Costs Yield INR 7,759 Cr PAT

Team FS

19/Apr/2024

Key Highlights:

Hindustan Zinc ascends to the rank of the 3rd largest global silver producer, achieving its highest annual silver production, marking a 5% year-on-year increase.
The company boasts the 2nd largest zinc reserves and resources worldwide, coupled with industry-leading production growth rates and record-breaking annual metal production.
Q4 FY24 witnesses the highest-ever quarterly refined metal production, showcasing a remarkable 6% sequential increase.
Positioned in the 1st decile of the global zinc mines cost curve, Hindustan Zinc achieves its lowest annual Cash Operating Profit (COP) in the last 3 years at US$ 1,117/MT.
Quarterly revenue sees a 3% rise while EBITDA records a 2% increase.
Recognized as the top performer globally in the S&P Sustainability Assessment within the Metals and Mining sector.

In the wake of Hindustan Zinc Limited's (HZL) latest report for the fourth quarter and full year ending March 31, 2024, the company basks in the glory of unprecedented success. Led by CEO Mr. Arun Misra, HZL proudly announces its attainment of record-breaking production levels in zinc, lead, and silver. This achievement not only underscores the company's commitment to excellence but also highlights its unwavering dedication to safety, with operations remaining fatality-free throughout the year.

Commitment to Sustainability
Amidst global calls for environmental responsibility, HZL emerges as a trailblazer in the mining industry's sustainability efforts. The company's pledge to renewable energy initiatives takes center stage, with a 450 MW renewable energy power delivery agreement poised to propel HZL towards its net-zero targets. Furthermore, the incorporation of 'Hindmetal Exploration Services Private Limited' reflects HZL's strategic alignment with national priorities in mineral resource exploration and development.

Financial Resilience in Turbulent Times
In the face of volatile market conditions, HZL stands tall, its financial resilience a beacon of hope for investors and stakeholders alike. CFO Mr. Sandeep Modi's remarks echo this sentiment, emphasizing HZL's steadfast margin of 47% amidst plunging metal prices. This resilience, fortified by agile decision-making and sustained cost reduction efforts, positions HZL as a stalwart in the mining industry, ready to weather any storm that may come its way.

Conclusion:
As Hindustan Zinc Limited looks towards the horizon, its future appears brighter than ever. With a steadfast commitment to operational excellence, innovation, and environmental stewardship, HZL is poised to continue its journey of growth and sustainability. As investors and stakeholders eagerly anticipate the company's next chapter, one thing remains certain – HZL's unwavering dedication to excellence will continue to shine through, solidifying its position as a global leader in the mining industry.

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Hindustan Zinc's Record Silver & Metal Production, Resilient Costs Yield INR 7,759 Cr PAT

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