Vedanta group company Hindustan Zinc Ltd on Friday reported an 18 per cent rise in consolidated net profit to Rs 2,928 crore for the quarter ended March 31, 2022, on higher sales volumes and higher metal prices. Hindustan Zinc Co Ltd posted a consolidated net profit of Rs 2,481 crore in the same period last year, the company said in a filing with the BSE.

“The increase was primarily due to higher volumes and higher metal prices,” the company said. The company’s consolidated revenue rose to Rs 9,074 crore in the January-March period from Rs 7,242 crore a year earlier, the filing said.

“Hindustan Zinc has delivered its best-ever annual mined metal production, reaching the record 1 million tonnes mark this year. Our refined metal production is also the highest ever. Refined metal exit run rate is 1.2 MTPA (million tonnes per annum); we are fully poised for another great performance this year,” said Arun Misra, CEO of HZL.

He said the company’s focus is to use the latest technology and equipment to produce more and more zinc alloy products with world-class added value. He added that Hindustan Zinc is committed to decarbonising its mining operations and achieving its ESG roadmap to achieve net-zero emissions by 2050.

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The company’s metal production for the quarter was 2,95,000 tonnes, up 2.6 per cent year-on-year, driven by higher ore production at its Rajpura Dariba, Sindesar Khurd, and Rampura Agucha mines. Hindustan Zinc’s consolidated metal production for the quarter rose 1.6 per cent year-on-year to 2,60,000 tonnes.
Hindustan Zinc, a company under the Vedanta Group, is an integrated producer of zinc, lead, and silver in the country.