Hindustan Zinc Limited announced audited earnings and operating results for the full year ended March 31, 2018. For the year, revenue from operations was INR 220,840 million compared to INR 172,730 million a year ago. Profit before exceptional items was INR 122,570 million compared to INR 102,000 million a year ago. Profit for the year was INR 92,760 million against INR 83,160 million a year ago. Basic and diluted earnings per share was INR 21.95 compared to INR 19.68 a year ago. Profit before tax was INR 124,970 million compared to INR 102,000 million a year ago. Net cash generated from operating activities was INR 98,370 million against INR 75,880 million a year ago. Purchases of Property, Plant and Equipment (including intangibles, CWIP and Capital Advances) was INR 27,330 million against INR 20,080 million a year ago. EBITDA was INR 123,760 million against INR 97,340 million a year ago.

Mined metal production for fiscal year 2018 was 947 kt, 4% higher from a year ago and the higher ever. This was driven by higher ore production from underground mines, partly offset by lower open-cast production and lower ore grades. Performance from underground mines remained robust, attaining best ever ore and mined metal production during the year.

Mined metal and refined zinc-lead production in fiscal year 2019 is expected to be slightly higher than that of last year, filling the gap caused by completion of open-cast production. Silver production is expected to be in the range of 650 to 700 MT.

The announced mining projects are progressing in line with the target of reaching 1.2 million MT per annum of mined metal capacity in fiscal year 2020.