Hindustan Zinc Ltd. announced that its mine metal production in the third quarter of fiscal 2025 dropped 2% year-on-year at 265 kilotonnes. A decline in ore production at Agucha and SK mines was partly offset by improved mined metal grades and mill recovery, the company said in an statement.
Refined metal production, at 259 KT, was flat on a year-on-year basis. It was down marginally on a quarter-on-quarter basis in line with planned maintenance shutdown in December quarter.
Refined zinc production was at 204 KT, flat on a year-on-year basis and up 3% quarter-on-quarter. Refined lead production at 55 KT lower, 2% year-on-year, due to pyro plant operations on lead mode for longer duration during base periods.
Saleable silver production at 160 tonnes was down 18% year-on-year and 13% quarter-on-quarter, in line with the change in mining sequence at SK mine leading to lower silver input.
The company's wind power generation for the third quarter of FY25 was 47 MU, a decrease of 14% year-on-year consistent with wind velocity and seasonal impact.
Shares of Hindustan Zinc Ltd. rose as much as 2.56% during the day to Rs 455.40 apiece on the National Stock Exchange. It closed 1.90% higher at Rs 452.50 per share, compared to a 1.88% advance in the benchmark Nifty. The share price has risen 1.91% on a year-to-date basis.
One out of the twelve analysts tracking the company has a 'buy' rating on the stock, and three suggest 'hold' while eight suggest sell, according to Bloomberg data. The average of 12-month analysts' price targets implies a potential downside of 9.0%.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.