Hindustan Zinc Reports Strong Q2 FY25 Metal Production Growth

Hindustan Zinc has released its production figures for the second quarter of FY25, showcasing a notable increase in both mined and refined metal production. In the first half of FY25, the company achieved its highest-ever mined metal production, reaching 519,000 tonnes, a 2% rise compared to the same period last year. Refined metal output also increased by 5% year-on-year (YoY) to 524,000 tonnes. However, silver production fell by 3%, primarily due to lower silver input from the SK Mine.

For the second quarter, Hindustan Zinc reported mined metal production of 256,000 tonnes, a 2% increase over the same period in FY24. This growth was mainly due to improved ore output at the Zawar Mine, though it was partially offset by lower grades from the SK Mine. On a quarter-on-quarter basis, mined metal production dropped by 2%, primarily because of overall lower metal grades.

Refined metal production for the quarter was 262,000 tonnes, reflecting an 8% YoY increase and remaining stable compared to the previous quarter. Refined zinc production reached 198,000 tonnes, a 7% rise YoY, but it fell by 6% compared to Q1 FY25. Refined lead production, on the other hand, surged to 63,000 tonnes, marking a 12% YoY increase and a 23% jump quarter-on-quarter. This increase was due to the plant focusing on lead production during the quarter.

Saleable silver production totaled 5.9 million ounces for Q2 FY25, up 2% YoY and 10% sequentially. This increase was driven by better performance in the pyro operations, though it was partially offset by the lower silver input from the SK Mine.

In the energy segment, wind power generation reached 129 million units, a 19% increase from the previous quarter, but down 18% YoY due to seasonal changes in wind velocity.