Sesa Sterlite Limited: Hindustan Zinc Limited - Second Quarter Financial Results for the Period Ended 30 September, 2013

Thu Oct 24, 2013 10:19am EDT

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Sesa Sterlite Limited: Hindustan Zinc Limited - Second Quarter Financial Results for the Period Ended 30 September, 2013

Hindustan Zinc Limited, a subsidiary of Sesa Sterlite Limited, announced its Second Quarter Financial Results for the period ended 30 September, 2013. The earnings release is available on Hindustan Zinc’s website at:

http://www.hzlindia.com/reports_press_releases.aspx

Below are the key highlights:

Operational Performance

  • Mined metal production – up 16%
  • Record integrated saleable zinc metal production – up 28%
  • Integrated saleable refined lead and silver metal production – up 29% and 14% respectively

Financial Performance

  • EBITDA up 28% to Rs 1,904 crore
  • PAT up 7% to Rs 1,640 crore

Interim Dividend

  • Interim dividend of Rs 1.60 per share

About Sesa Sterlite Limited

Sesa Sterlite Limited (“Sesa Sterlite”) is one of the world’s largest diversified natural resource companies. Our business primarily involves exploring, extracting and processing minerals and oil & gas. We produce oil & gas, zinc, lead, silver, copper, iron ore, aluminium and commercial power and have a presence across India, South Africa, Namibia, Ireland, Australia, Liberia and Sri Lanka. Sesa Sterlite has a strong position in emerging markets with over 80% of its revenues from India, China, East Asia, Africa and the Middle East.

Sustainability is at the core of Sesa Sterlite’s strategy, with a strong focus on health, safety and environment and on enhancing the lives of local communities.

Sesa Sterlite is a subsidiary of Vedanta Resources Plc, a FTSE 100 company. Sesa Sterlite is listed on the Bombay Stock Exchange and the National Stock Exchange in India and has ADRs listed on the New York Stock Exchange.

Disclaimer

This press release contains “forward-looking statements” – that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “should” or “will.” Forward–looking statements by their nature address matters that are, to different degrees, uncertain. For us, uncertainties arise from the behaviour of financial and metals markets including the London Metal Exchange, fluctuations in interest and or exchange rates and metal prices; from future integration of acquired businesses; and from numerous other matters of national, regional and global scale, including those of a political, economic, business, competitive or regulatory nature. These uncertainties may cause our actual future results to be materially different that those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.

Sesa Sterlite Limited
Ashwin Bajaj, +91 22 6646 1531 (Investors)
Senior Vice President – Investor Relations
sesasterlite.ir@vedanta.co.in