• India CSR Awards 2025
  • Guest Posts
Tuesday, September 2, 2025
  • Login
India CSR
  • Home
  • Corporate Social Responsibility
    • Art & Culture
    • CSR Leaders
    • Child Rights
    • Culture
    • Education
    • Gender Equality
    • Around the World
    • Skill Development
    • Safety
    • Covid-19
    • Safe Food For All
  • Sustainability
    • Sustainability Dialogues
    • Sustainability Knowledge Series
    • Plastics
    • Sustainable Development Goals
    • ESG
    • Circular Economy
    • BRSR
  • Corporate Governance
    • Diversity & Inclusion
  • Interviews
  • SDGs
    • No Poverty
    • Zero Hunger
    • Good Health & Well-Being
    • Quality Education
    • Gender Equality
    • Clean Water & Sanitation – SDG 6
    • Affordable & Clean Energy
    • Decent Work & Economic Growth
    • Industry, Innovation & Infrastructure
    • Reduced Inequalities
    • Sustainable Cities & Communities
    • Responsible Consumption & Production
    • Climate Action
    • Life Below Water
    • Life on Land
    • Peace, Justice & Strong Institutions
    • Partnerships for the Goals
  • Articles
  • Events
  • हिंदी
  • More
    • Business
    • Finance
    • Environment
    • Economy
    • Health
    • Around the World
    • Social Sector Leaders
    • Social Entrepreneurship
    • Trending News
      • Important Days
        • Festivals
      • Great People
      • Product Review
      • International
      • Sports
      • Entertainment
    • Case Studies
    • Philanthropy
    • Biography
    • Technology
    • Lifestyle
    • Sports
    • Gaming
    • Knowledge
    • Home Improvement
    • Words Power
    • Chief Ministers
No Result
View All Result
  • Home
  • Corporate Social Responsibility
    • Art & Culture
    • CSR Leaders
    • Child Rights
    • Culture
    • Education
    • Gender Equality
    • Around the World
    • Skill Development
    • Safety
    • Covid-19
    • Safe Food For All
  • Sustainability
    • Sustainability Dialogues
    • Sustainability Knowledge Series
    • Plastics
    • Sustainable Development Goals
    • ESG
    • Circular Economy
    • BRSR
  • Corporate Governance
    • Diversity & Inclusion
  • Interviews
  • SDGs
    • No Poverty
    • Zero Hunger
    • Good Health & Well-Being
    • Quality Education
    • Gender Equality
    • Clean Water & Sanitation – SDG 6
    • Affordable & Clean Energy
    • Decent Work & Economic Growth
    • Industry, Innovation & Infrastructure
    • Reduced Inequalities
    • Sustainable Cities & Communities
    • Responsible Consumption & Production
    • Climate Action
    • Life Below Water
    • Life on Land
    • Peace, Justice & Strong Institutions
    • Partnerships for the Goals
  • Articles
  • Events
  • हिंदी
  • More
    • Business
    • Finance
    • Environment
    • Economy
    • Health
    • Around the World
    • Social Sector Leaders
    • Social Entrepreneurship
    • Trending News
      • Important Days
        • Festivals
      • Great People
      • Product Review
      • International
      • Sports
      • Entertainment
    • Case Studies
    • Philanthropy
    • Biography
    • Technology
    • Lifestyle
    • Sports
    • Gaming
    • Knowledge
    • Home Improvement
    • Words Power
    • Chief Ministers
No Result
View All Result
India CSR
No Result
View All Result
Home More

Hindustan Zinc Results Q2 – Net profit during the quarter was at Rs 1902 crore

India CSR by India CSR
October 19, 2016
in More
Reading Time: 4 mins read
India CSR
Share Share Share Share

India CSR News Network

MUMBAI: Hindustan Zinc Limited today announced its results for the second quarter and half year ended September 30, 2016.

Agnivesh Agarwal, Chairman said, “The price rally in zinc continued this quarter with prices climbing 18% from the previous quarter, consistent with its strong fundamentals. Silver prices too have rallied coupled with increasing silver volumes. Favourable market scenario and Company’s smooth transition to underground mining has boosted investor confidence, heralding the Company’s entry in the top 25 club in terms of market capitalisation in India.”

Hindustan Zinc saw a 15% dip in net profit during the second quarter (Q2) ended September 30, 2016 at Rs 1,902 crore on higher depreciation charges. The company also saw a 30% fall in half yearly net at Rs 2,939 crore mainly due to lower investment income on account of smaller corpus despite higher mark to market gains.

On a sequential basis, revenues increased 38% at Rs 3,820 crore led by higher volume and

Operational Performance

Mined metal production during the quarter increased by 51% q-o-q as per plan. The increase was primarily driven by higher ore production from Rampura Agucha open cast where ore body was exposed after high waste excavation during previous quarter in accordance with the waste-ore sequence; this increase is despite heavy rains during the quarter. On y-o-y basis, mined metal production was lower by 20% as projected due to lower production from Rampura Agucha mine.

In H1, mined metal output was at 318kt as compared with 472kt in corresponding prior period, in line with plan. During this period, the production from underground mines increased by 83% y-o-y, as Rampura Agucha mine ramped up production from underground. The Company is on track to achieve full year mined metal production higher than FY 2016 with second half being substantially higher.

Integrated zinc metal production during the quarter was at 149kt, up 47% q-o-q and down 30% y-o-y, in line with mined metal production.  In H1, integrated zinc metal production decreased by 37% y-o-y.

Integrated lead and silver metal production during the quarter increased by 25% at 31kt and 21% at 107 MT respectively compared to previous quarter. On y-o-y basis, integrated lead production was down 22% in line with mined metal production while integrated silver production was down 3%.

In H1, integrated lead production was lower by 17% from corresponding prior period, in line with mined metal availability. Integrated silver production was up 6% y-o-y in H1 despite lower mined metal, on account of significantly higher production from Sindesar Khurd mine. For the full year, integrated silver production will be higher than FY 2016.

Financial Performance

Subsequent to adopting Indian Accounting Standards (Ind-AS) from the current financial year, excise duty is now included in ‘Sales’ and reported as ‘Gross Sales’. Accordingly, historical revenue has also been restated. Like in the previous quarter and in accordance with Ind-AS, the Company has temporarily capitalised excess ore burden of Rs. 141 crore during the quarter (Rs. 330 crore in H1) to more closely relate the costs to actual production volumes, which is expected to substantially reverse in H2 where waste excavation will be lower. Change in method of depreciation on Plant & Machinery from April 1, 2016, resulted in higher depreciation by Rs. 175 crore during this quarter (Rs. 346 crore in H1).

Revenues increased by 38% sequentially at Rs. 3,820 crore but were lower on y-o-y basis by 10% in the quarter and by 19% in H1. On a sequential basis, revenue increased due to higher volumes and metal prices, while the y-o-y decrease during the quarter and H1 was on account of lower volumes, partly offset by higher zinc & silver prices and rupee depreciation.

The zinc metal cost of production per MT before royalty (COP) during the quarter was at Rs. 54,186 ($809), down 12% from previous quarter and up 8% y-o-y (5% in dollar terms).  The sequential reduction in COP was mainly on account of higher volumes, while the y-o-y increase was attributed primarily to lower average grades due to change in mining mix, higher mine development and planned lower production. Cost reduction initiatives for operational and commercial efficiencies were partly offset by higher petroleum product prices and lower acid prices.

The above revenue and COP resulted in EBITDA at Rs. 2,077 crore, up 84% q-o-q and down 6% y-o-y. On a sequential basis, EBITDA increase was accentuated by write back and lower provisions in ‘Power & Fuel’.  For six month period, EBITDA was lower by 18% in line with production, partly offset by higher silver & zinc prices and rupee depreciation.

Net profit during the quarter was at Rs. 1,902 crore, up 83% q-o-q in line with EBITDA increase and down 15% y-o-y. For six month period, net profit was lower by 30% at Rs. 2,939 crore. The y-o-y decrease for Q2 and H1 was due to higher depreciation and lower investment income on account of smaller corpus despite higher mark to market gains.

Expansion Projects

Continuing with the high pace of mine development, the Company achieved total mine development of 14,716 metres during Q2 and 28,728 metres in H1, up 12% and 14% respectively from a year ago.

With the objective of mitigating the risk of any delays in ramp up of Rampura Agucha underground mine, Stage V was conceptualized in late 2014 to extend the life of the open cast mine to 2019-20 by deepening the pit by an additional 50 metres. However, concurrent mining at Rampura Agucha is leading to geotechnical challenges in both the open pit and underground. After deliberations with internal & global technical experts, it has been decided to modify Stage V limiting the incremental pit depth to 30 metres. This will mitigate pit wall challenges and significantly reduce waste-ore ratio,   providing a fresh impetus to accelerating mine development at the underground mine in a safe manner. Ore production from Stage V commenced during the quarter and is now being accelerated to complete by March 2018. The expansion target of 1.2 million MT mined metal production remains intact and will be achieved as per plan.

Main shaft sinking at Rampura Agucha is progressing well and has reached the depth of 920 meters against the final depth of 950 meters. Winder erection is at advanced stage of completion and pre-equipping work of main shaft commenced during the quarter.

At Sindesar Khurd mine, preparatory work for head gear erection of main shaft commenced during the quarter while up-ramp development work is progressing well. The construction of new mill of 1.5 mtpa is on track and commissioning is expected by end of the financial year, taking the milling capacity to 4.25 mtpa.

Zawar mill debottlenecking along with associated power and infrastructure projects are advancing well and planned to be completed by end of this financial year. Decline development at key mines of Zawar is progressing well.

Kayad project is now complete and mine has attained its rated capacity.

Dividend

In accordance with the recent SEBI guideline, the Board of Directors has approved the Company’s Dividend Policy which entails a minimum dividend of 30% of net profits or 5% of net worth, whichever is higher.

Liquidity and investment

As on September 30, 2016, the Company’s net cash and cash equivalents was Rs. 25,166 crore, out of which Rs. 22,726 crore was invested in mutual funds and Rs. 4,331 crore in bonds. The Company follows a conservative investment policy and invests in high quality debt instruments.

IndiaCSR Whatsapp Channel
I AM PEACEKEEPER MOVEMENT
ADVERTISEMENT
India CSR Awards 2025
ADVERTISEMENT
FKCCI CSR & Sustainability Conference 2025
ADVERTISEMENT
National STEM Challenge 2025
ADVERTISEMENT
Tags: CSR of Hindustan ZincHindustan Zinc

India CSR offers strategic corporate outreach opportunities to amplify your brand’s CSR, Sustainability, and ESG success stories.

📩 Contact us at: biz@indiacsr.in

Let’s collaborate to amplify your brand’s impact in the CSR and ESG ecosystem.

India CSR

India CSR

India CSR is the largest media on CSR and sustainability offering diverse content across multisectoral issues on business responsibility. It covers Sustainable Development, Corporate Social Responsibility (CSR), Sustainability, and related issues in India. Founded in 2009, the organisation aspires to become a globally admired media that offers valuable information to its readers through responsible reporting.

Related Posts

India’s Veteran journalist Vinod Dua passes away
More

India’s Veteran journalist Vinod Dua passes away

4 years ago
India CSR
More

Republic or Democratic?

5 years ago
Dr. H. Chaturvedi on Stem Education in India at STEM – CSR Roundtable
Corporate Social Responsibility

How can we conserve water amidst the Coronavirus crisis?

5 years ago
Dr. H. Chaturvedi on Stem Education in India at STEM – CSR Roundtable
Corporate Social Responsibility

Toyota Kirloskar Motor temporarily halts production at its Plant in Bidadi, Karnataka

5 years ago
Dr. H. Chaturvedi on Stem Education in India at STEM – CSR Roundtable
Corporate Social Responsibility

Govt. seeks public comments on Corporate Social Responsibility Policy (CSR) Amendment Rules, 2020

5 years ago
Dr. H. Chaturvedi on Stem Education in India at STEM – CSR Roundtable
Corporate Social Responsibility

Govt to amend CSR rules under companies law, invites public comments

5 years ago
Load More
I AM PEACEKEEPER
ADVERTISEMENT
India CSR Awards
ADVERTISEMENT
India CSR Awards
ADVERTISEMENT
National STEM Challenge
ADVERTISEMENT

LATEST NEWS

Divi’s Laboratories Transfers Rs 6.21 Crore to Unspent CSR Account for FY25

How an SIP Calculator Helps You Plan Mutual Fund Investments

Why Golden Blouse is the Perfect Match for a Green Saree

Vedanta Rolls Out Largest-Ever FY25 Stock Options Worth ₹450 Cr

Divi’s Laboratories CSR Spending Report of Rs 50 Crore for FY 2025

ED Arrests Man for ‘Illegal’ Rs 696.69 Crore Transfers to Hong Kong, Singapore

TOP NEWS

CSR: Indian Army and Bisleri International to Develop Eco Zone in Sikkim

हिन्दुस्तान जिंक खेलों को बढ़ावा देकर 30 हजार खिलाड़ियों को प्रोत्साहन

RBI Fines Bharat Co-operative Bank, Bengaluru ₹50,000 for Breaching Supervisory Directions

Why India Needs Smart, Sustainable, and Regionally Inclusive Parks

RBI Imposes ₹1.50 Lakh Penalty on Bellary District Co-operative Central Bank for Statutory Violations

RBI Data Shows Net Liquidity Absorption of ₹1.79 Lakh Crore on August 25

Load More
STEM Learning STEM Learning STEM Learning
ADVERTISEMENT

Advertisement

Image Slider
content writing services Guest Post Top 5 Reasons to have Sponsored Posts at India CSR – India’s Largest CSR Media R2V2 Technologies Private Limited

Interviews

Jayatri Dasgupta, CMO of PayNearby and Program Director of Digital Naari
Interviews

Empowering Rural Women: An Interview with Jayatri Dasgupta, CMO, PayNearby & Program Director, Digital Naari

by India CSR
August 27, 2025

Empowering Women at the Last Mile: A Conversation on Digital Naari’s Social Impact By Rusen Kumar NEW DELHI (India CSR): Jayatri...

Read moreDetails
Dr. Huzaifa Khorakiwala

Peace A Shared Responsibility: Dr. Huzaifa Khorakiwala

August 23, 2025
Dr. V. Kumar - Director of The Lodha Mathematical Sciences Institute (LMSI) Mumbai

Mathematics Will Drive India’s Development: An Exclusive Interview with Prof. V. Kumar Murty

August 22, 2025
Elevate 2025: Music, Movement, and Mentorship Shaping Tomorrow’s Leaders

Elevate 2025: Music, Movement, and Mentorship Shaping Tomorrow’s Leaders

August 14, 2025
Load More
ADVERTISEMENT
Facebook Twitter Youtube LinkedIn Instagram
India CSR Logo

India CSR is the largest tech-led platform for information on CSR and sustainability in India offering diverse content across multisectoral issues. It covers Sustainable Development, Corporate Social Responsibility (CSR), Sustainability, and related issues in India. Founded in 2009, the organisation aspires to become a globally admired media that offers valuable information to its readers through responsible reporting. To enjoy the premium services, we invite you to partner with us.

Follow us on social media:


Dear Valued Reader

India CSR is a free media platform that provides up-to-date information on CSR, Sustainability, ESG, and SDGs. They need reader support to continue delivering honest news. Donations of any amount are appreciated.

Help save India CSR.

Donate Now

donate at indiacsr

  • About India CSR
  • Team
  • India CSR Awards 2025
  • Partnership
  • Guest Posts
  • Services
  • Content Writing Services
  • Business Information
  • Contact
  • Privacy Policy
  • Terms of Use
  • Donate

Copyright © 2025 - India CSR | All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
×
No Result
View All Result
  • Home
  • Corporate Social Responsibility
    • Art & Culture
    • CSR Leaders
    • Child Rights
    • Culture
    • Education
    • Gender Equality
    • Around the World
    • Skill Development
    • Safety
    • Covid-19
    • Safe Food For All
  • Sustainability
    • Sustainability Dialogues
    • Sustainability Knowledge Series
    • Plastics
    • Sustainable Development Goals
    • ESG
    • Circular Economy
    • BRSR
  • Corporate Governance
    • Diversity & Inclusion
  • Interviews
  • SDGs
    • No Poverty
    • Zero Hunger
    • Good Health & Well-Being
    • Quality Education
    • Gender Equality
    • Clean Water & Sanitation – SDG 6
    • Affordable & Clean Energy
    • Decent Work & Economic Growth
    • Industry, Innovation & Infrastructure
    • Reduced Inequalities
    • Sustainable Cities & Communities
    • Responsible Consumption & Production
    • Climate Action
    • Life Below Water
    • Life on Land
    • Peace, Justice & Strong Institutions
    • Partnerships for the Goals
  • Articles
  • Events
  • हिंदी
  • More
    • Business
    • Finance
    • Environment
    • Economy
    • Health
    • Around the World
    • Social Sector Leaders
    • Social Entrepreneurship
    • Trending News
      • Important Days
      • Great People
      • Product Review
      • International
      • Sports
      • Entertainment
    • Case Studies
    • Philanthropy
    • Biography
    • Technology
    • Lifestyle
    • Sports
    • Gaming
    • Knowledge
    • Home Improvement
    • Words Power
    • Chief Ministers

Copyright © 2025 - India CSR | All Rights Reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.