Hindustan Zinc Limited: Results for the 4th Quarter and Full Year Ended March 31, 2021.

MUMBAI, India: Highlights for the quarter

Highest-ever UG Mined metal production: 288 kt

Highest-ever Refined metal production: 256 kt

Saleable silver production: 203 MT

Best-ever quarterly EBITDA, up 98% YoY

Zinc COP: $945 per MT

Highlights for the year

Highest-ever Mined metal production: 972 kt

Refined metal production: 930 kt

Highest Saleable silver production: 706 MT

Lowest-ever1 Zinc COP: $954 per MT

Hindustan Zinc Limited, the leading global integrated producer of zinc, lead and silver, reported its results for the fourth quarter and full year ended March 31, 2021.

Commenting on the Q4 and FY performance, Mr Arun Misra, CEO, said: "We are conscious of the fact that our country is going through COVID Pandemic the scale of which has not been seen before. We are doing whatever we can including supplying liquid oxygen from our smelters to hospitals in and around Udaipur. We are proud to announce that we delivered record production volumes of mined metal, finished metal and silver production, while ensuring 22-months of fatality-free operations. I am also happy to inform that we exited the year at run-rate of 1.2mtpa. We also maintained our first rank in Asia pacific region in the metals & mining category in Dow jones Sustainability Index for third consecutive year and amongst India's first companies to be rated 'A' in climate change CDP 2020."

Mr Vinaya Jain, Sr. VP & Head Finance, said: ""Our firm focus on operating efficiencies has led to cost optimization and improved profitability. We delivered highest ever quarterly EBITDA which nearly doubled from same quarter last year, Our PAT is up 85% Y-O-Y and we have achieved lowest ever annual dollar cost of production since the transition to underground mining operations. We will continue our endeavour to improve business efficiencies and reduce costs through enhanced use of technology, digitalization efforts, data-driven decision making and most importantly, investment in people capabilities to sustainably generate industry leading returns and create long term value for all stakeholders."

Financial Summary

INR. Crore or as stated

Particulars

Q4

Q3

FY

2021

2020

Change

2021

Change

2021

2020

Change

Sales1

Zinc

4,241

2,920

45%

3,835

11%

13,961

12,645

10%

Lead

999

692

44%

817

22%

3,281

2,699

22%

Silver

1,352

601

125%

1,146

18%

4,378

2,445

79%

Others

355

178

99%

235

51%

1,009

772

31%

Total

6,947

4,391

58%

6,033

15%

22,629

18,561

22%

EBITDA

3,875

1,961

98%

3,313

17%

11,739

8,849

33%

Profit After Taxes

2,481

1,339

85%

2,200

13%

7,980

6,805

17%

Earnings per Share

5.87

3.17

85%

5.21

13%

18.89

16.11

17%

(INR, not annualised)

Mined Metal Production ('000 MT)

288

249

15%

244

18%

972

917

6%

Refined Metal Production

('000 MT)

Total Refined Metal

Zinc

195

172

14%

182

7%

716

688

4%

Saleable Lead2

61

49

24%

53

16%

214

182

18%

Zinc & Lead

256

221

16%

235

9%

930

870

7%

Saleable Silver3,4 (in MT)

203

168

21%

183

11%

706

610

16%

Wind Power (in million units)

65

71

-8%

61

7%

351

437

-20%

Zinc CoP without Royalty (INR/MT)

68,969

72,220

-5%

69,7...