Hindustan Fluorocarbons Reports Rs 24.93 Lakh Profit in Q2 Results

Hindustan Fluorocarbons Limited (HFL) has reported a net profit of Rs 24.93 lakh for the quarter ended September 30, compared to a loss of Rs 3.00 lakh in the previous quarter. The company's financial performance shows improvement as it continues to navigate through its closure and delisting process.

Financial Performance

HFL's total income for the quarter increased to Rs 80.20 lakh, consisting entirely of other income. This reflects the company's non-operational status following the government-approved closure of its factory in January 2020.

Particulars (in Rs. Lakh)	Q2	Q1	Change
Total Income	80.20	28.22	184.20%
Net Profit/(Loss)	24.93	(3.00)	-
Total Expenses	55.27	31.22	77.00%

The company's total expenses increased to Rs 55.27 lakh, but were offset by the higher income, resulting in a profit for the quarter.

Corporate Governance

The Board of Directors approved the unaudited financial results and addressed several key matters in their meeting:

Appointment of Statutory Auditors for the financial year 2025-26 by CAG and fixing their fee.
Other governance matters were also discussed.

Regulatory Challenges

HFL faces a regulatory challenge as BSE has imposed a fine of Rs 4.55 lakh plus GST for non-compliance with SEBI's Listing Obligations and Disclosure Requirements (LODR) for Q1 FY2025-26. In response, the company has submitted a waiver application to BSE, seeking complete waiver of all fines. HFL's management noted that the company is under the delisting process and that BSE had previously waived similar fines under comparable circumstances.

Closure Status

HFL's factory closure, which was approved by the Government of India on January 29, 2020, has progressed significantly. The company has completed closure activities, including:

VRS payments to employees
Settlement of bank loans
Sale of plant and machinery in March 2023

The proceeds from the sale of assets have been deposited as fixed deposits in SBI.

Looking Ahead

As Hindustan Fluorocarbons Limited continues its delisting process, the company faces the dual challenges of managing its financial position and addressing regulatory compliance issues. The outcome of the waiver application to BSE and the progression of the delisting process will be crucial factors in determining the company's path forward.

Investors and stakeholders will be closely watching how HFL navigates these challenges in the coming months, particularly in light of its non-operational status and the ongoing process of winding down its affairs.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.43%	+1.12%	+0.19%	+17.82%	-1.76%	+170.00%

Hindustan Zinc, a leading integrated producer of zinc, lead, and silver, has announced a significant step towards sustainable mining and resource optimization. The company's Board has approved the establishment of India's first zinc tailings reprocessing plant at its Rampura Agucha Mine in Bhilwara district, Rajasthan.

Project Details

Item	Detail
Investment	Rs 3,823.00 crore
Capacity	10.00 million tonnes per annum
Timeline	28-month completion

Strategic Importance

The new facility aims to extract residual metals, primarily zinc and silver, from previously processed tailings. This innovative approach will effectively transform waste into valuable resources, aligning with global sustainability trends in the mining sector.

Expansion Plans

This project is part of Hindustan Zinc's broader strategy to enhance its production capabilities:

It supports the company's plan to double its production capacity.
Aligns with India's projected doubling of zinc demand over the next five to ten years.
The Board approved a Rs 12,000.00 crore investment to:
- Expand refined metal capacity by 250.00 kilotonnes per annum
- Upgrade mines and milling infrastructure

Environmental Initiatives

Hindustan Zinc has also made strides in reducing its environmental impact:

Reported a 15.00% reduction in greenhouse gas emissions intensity compared to the 2020 baseline.
Launched EcoZen, Asia's first low-carbon 'green' zinc produced using renewable energy.

The approval of this tailings reprocessing plant marks a significant milestone in Hindustan Zinc's commitment to sustainable mining practices and resource efficiency. By repurposing what was once considered waste, the company is setting a new standard in the Indian mining industry while positioning itself to meet the growing demand for zinc in the country.