Hindustan Zinc announces production data for Q1 FY2022-23

Hindustan Zinc Limited has announced its production numbers for the first quarter ended June 30, 2022.

Q1 Fiscal year 2023 vs. previous Quarters

Highest ever mined metal production in first quarter at 252,000 tonnes, up 14% as compared to Q1 FY22 on account of higher ore production largely at Sindesar Khurd, Rampura Agucha & Kayad mines supported by better millrecovery. Sequentially, it was lower by 15%, mainly due to lower ore production at mines & overall metal grades.

Best ever refined metal production in first quarter at 260,000 tonnes, up 10% as compared to Q1 FY22 in line with availability of mined metal & better plant availability and flat sequentially.

Integrated zinc production was 206,000 tonnes, up 10% as compared to Q1 FY22 and down 2% compared to Q4 FY 22. Refined lead production was 54,000 tonnes for Q1 FY23, up 11% as compared to Q1 FY22 and up 9% sequentially on account of better plant availability and Pyro plant operation on Lead-mode for part of the quarter. Saleable silver production was 5.7 moz, up 10% as compared to Q1 FY22 and up 9% sequentially in line with lead metal production.

Wind power generation for Q1 FY23 was 150 MU, up 12% as compared to Q1 FY22 & up 127% as compared to Q4 FY22 mainly dependent on wind velocity & seasonality.

Shares of Hindustan Zinc Limited was last trading in BSE at Rs. 247.45 as compared to the previous close of Rs. 249.40. The total number of shares traded during the day was 30609 in over 1919 trades.

The stock hit an intraday high of Rs. 249.40 and intraday low of 245.00. The net turnover during the day was Rs. 7549340.00.

Source : Equity Bulls

Keywords

HindustanZinc INE267A01025 ProductionData Q1FY2023