The firm mentioned the rise was primarily pushed by restoration in metallic costs and better volumes.
Total revenue of the corporate throughout April-June quarter elevated to Rs 6,880 crore, from Rs 4,673 crore within the year-ago interval. Total bills in the course of the quarter elevated to Rs 3,723 crore over Rs 3,009 crore within the corresponding quarter of earlier fiscal, the submitting mentioned.
“We delivered the highest-ever Q1 ore, refined metal and silver production. After exiting at a run-rate of 1.2 MTPA in the fiscal year 2021, we maintained the momentum of production in Q1 with Year-on-Year growth of 15 per cent in ore, 17 per cent in refined metal and 37 per cent in silver in spite of the spurt in Covid cases in the second wave of the pandemic,” the corporate’s CEO Arun Misra mentioned.
Company’s Sr VP and Head Finance Vinaya Jain mentioned that the corporate delivered its greatest ever Q1 income, EBITDA and profit after tax (PAT).
“Our strong balance sheet enables us to make proactive investments in operations and digitalisation that will further enhance our mining output. We do recognise the headwinds from the rising input commodity prices and are doubling our efforts to address them through long lasting structural cost initiatives.”
Mined metallic manufacturing for the quarter was up 9 per cent Y-o-Y to 2,21,000 tonnes on account of upper ore manufacturing, partly offset by decrease general grade, the corporate mentioned.
Integrated metallic manufacturing was 236,000 tonnes for the quarter, up 17 per cent Y-o-Y consistent with greater mined metallic availability. Integrated zinc manufacturing was 1,88,000 tonnes, up 20 per cent Y-o-Y, it mentioned.
“Integrated silver production was 161 tons, up 37 per cent from a year ago in line with higher lead production, partly offset by lower grades at Sindesar Khurd (SK) mine, while it was down 21 per cent sequentially primarily in-line with lower lead production,” the assertion mentioned.
“We maintain our … guidance on operational & financial metrics for the fiscal year 2022. In light of rising input commodity prices, management is closely monitoring the situation and taking all necessary actions to combat it.”