The increase in the mined metal production was mainly driven by higher ore production. Sequentially, it was lower by 1%, due to overall mined metal grades.

The company reported refined metal production in thrid quarter at 257,000 tonnes, down 2% year on year (YoY) as per mined metal availability. Sequentially, up by 5% with better plant and mined metal availability.

Integrated zinc production was at 210,000 tonnes in Q3 FY23, down 2% as compared to Q3 FY22 and up 11% compared to Q2 FY23. Refined lead production was at 46,000 tonnes for Q3 FY23, down 1% YoY and 18% QoQ due to planned shutdown at Dariba Lead plant in Q3FY23.

Saleable silver production was 5.2 million ounces (moz), down 7% as compared to Q3 FY22 on account of lower feed grade at SK Mine in line with mine plan for the quarter. It was down 17% QoQ in line with lead metal production.

Wind power generation for Q3 FY23 was 50 million units, down 15% YoY & down 59% QoQ. The decline was mainly due to lower wind velocity & seasonality impact.

Hindustan Zinc, a Vedanta Group company, is an integrated producer of zinc, lead and silver. As of 30 September 2022, Vedanta holds 64.92% stake in the company.

The mining company's consolidated net profit surged 32.9% to Rs 2,680 crore on 36.4% rise in revenue from operations to Rs 8,127 crore in Q2 FY23 over Q2 FY22.