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FINANCIAL RESULTS FOR THE QUARTER ENDED MARCH 31-2009

Hindustan Zinc Limited
Registered Office: Yashad Bhawan, Udaipur - 313004, India

HIGHLIGHTS:-

  • Highestever annual mined and saleable metal production of zinc, lead and silver.
  • The positive impact of higher volume was more than offset by the negative impact of the lower zinc and lead LME.
  • Award -ranked second best employer in India and also ranked one of the Best Employer in Asia in top 25 Asian Companies, in 2009, in a survey conducted by Hewitt Associates.
  • Expansion projects on track for completion by Mid – 2010

AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED 31 MARCH, 2009

(Rs. in lakhs, except as stated)

P A R T I C U L A R S

Forth quarter ended 31 march

Year ended 31 March

2009

2008

2009

2008

1. (a) Net sales / Income from operations
(b) Other Operating Income
2. Expenditure
a) (Increase) / Decrease in stock in trade and work in progress
b) Mining and Manufacturing Expenses
c) Mining Royalty
d) Employees Cost
e) Depreciation & amortization
f) Administrative, selling and other expenditure
g) Total
3. Profit from operations before Other Income, Interest & Exceptional Items
4. Other Income
5. Profit before Interest & Exceptional Items
6. Interest
7. Profit after Interest but before Exceptional Items
8. Exceptional items
9. Profit from ordinary activities before tax
10. Tax Expenses - Current (Net)
- Deferred
11. Net Profit from ordinary activities after tax
12. Extraordinary items(Net of tax expenses)
13. Net Profit for the period
14. Paid up Equity Share Capital
15. Reserves excluding Revaluation Reserve as per balance sheet
16. Basic and Diluted EPS
17. Public Shareholding
Number of Shares
Percentage of shareholding
18. Promotors & promotor group Shareholding
Non-encumbered
- Number of Shares
- Percentage of shareholding (as a % of total shareholding of promotor and promotor group)
- Percentage of shareholding
(as a % of total share capital of the company)

126,268
2,625

2362

44270
8357
8715
7503
7058

78265

50628
19422
70050
486
69564

  

69564
9188
5229

55147
-
55147
42253

  

13.05

148216469
35.08

  

274315431
100

64.92

  

  

  

  

 

226,588
2,114

8906

39358
11551
8744
7378
9995

85932

142770
15995
158765
492
158273

 

158273
38904
1149

118220

118220
42253

 

27.98

148216469
35.08

  

274315431
100

64.92

 

 

 

 

 

568,027
14,179

(2440)

193004
36424
36488
28527
31136

323139

259067
78944
338011
2187
335824

  

335824
52090
10973

272761

272761
42253

1393505

64.55

148216469
35.08

  

274315431
100

64.92

  

  

  

  

 

787,777
23,178

5910

130059
51105
30819
22204
31891

271988

538967
61986
600953
2417
598536

 

598536
146726
12201

439609

439609
42253

1142566

104.04

148216469
35.08

  

274315431
100

64.92

 

 

 

 

SEGMENT WISE REPORTING REVENUE,
RESULTS AND CAPITAL EMPLOYED

Particulars

Fourth quarter ended
31st march

Year ended
31st march

 

2009

2008

2009

2008

  1. Segment revenue

(net sales/income from operations)
-Zinc and Lead
-Others
Total

  1. Segment Result

-Zinc and Lead
-Others
Total
Less:- Interest expenditure
Add: Other unallocable income net of unallocable expenditure
Profit before Tax

  1. Capital Employed

(Segment Assets-Segment Liabilities)
-Zinc and Lead
-Others
-Unallocated

 

 

124705
1863
126268

 

50832
112
50944
486

 

19106

 

69564

 

495232
50228
890298

 

 

225386
1202
226588

 

143861
(1047)
142814
492

 

15951

 

158273

 

423955
47581
713283

 

 

560297
7730
568027

 

256773
3320
260093
2187

 

77918

 

335824

 

495232
50228
890298

 

 

784553
3224
787777

 

540374
(933)
539441
2417
61512

598536

 

598536

 

423955
47581
713283

Total

1435758

1184819

1435758

1184819

Note :
The Company is engaged in the business of mining and smelting of zinc and lead.
The Company has also a wind energy business; however, its operations for the period are within the threshold limits stipulated under "Segment Reporting" and hence it does not require disclosure as a separate reportable segment.

Notes:

1) The above results were reviewed by the Audit Committee on 22 April, 2009 and were approved at the meeting of the Board of Directors held on 22 April, 2009.

2) The board of directors has recommended a dividend of 40% i.e. Rs. 4.00 per equity share of Rs.10/- each for the current year. The payment is subject to the approval of the shareholders in the Annual General Meeting.

3) Other operating income for the year ended 31 March 2008 includes a sum of Rs 13,048 lakhs (net of tax Rs 8,613 lakhs) being excess royalty liability written back based on decision of the Rajasthan High Court.

4) Arising from the announcement of the Institute of the Chartered Accountants of India on 29 March 2008, the Company had decided to adopt Accounting Standard (AS) 30 - Financial Instruments : Recognition and Measurement effective 1 April, 2007.

5) Consistent with the treatment followed in earlier years, investment in equity shares of a power company has been considered as an intangible asset. This has resulted in an additional amortisation charge of Rs.467 lakhs for the year ended 31 March 2009 (corresponding previous year :
Courtsey:- 26th April, Business Standard
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