The increase in the production was mainly driven by higher ore production largely at Rampura Agucha & Kayad mines supported by improved mined metal grades and better mill recovery.

In line with mine preparation activities being carried out every year in first quarter, mined metal production was lower by 15% QoQ.

The zinc miner said that the refined metal production in first quarter was at 260,000 similar to level seen in Q1 FY23. Sequentially, it was lower by 4% in line with plant availability.

Integrated zinc production was at 209,000, up 1% YoY and down 3% QoQ. Refined lead production was at 51,000 down 6% YoY and QoQ in line with plant availability.

Saleable silver production was 5.8 million ounces (moz), up 1% YoY and down 2% QoQ, in line with lead metal production and higher WIP depletion.

Wind power generation for Q1 FY24 was 130 million units, down 13% YoY & up 84% QoQ, depending upon wind velocity & seasonality impact.

Hindustan Zinc, a Vedanta Group company, is an integrated producer of zinc, lead and silver. As of March 2023, Vedanta held 64.92% stake in the company.

The company's consolidated net profit slipped 11.8% to Rs 2,583 crore on 3.3% decline in revenue to Rs 8,509 crore in Q4 FY23 over Q4 FY22.

Shares of Hindustan Zinc rose 0.47% to Rs 310.90 on the BSE.