Hindustan Zinc Q2 Results: Net profit rises 34.6% to Rs 2,327 crore
Revenue from operations stood at Rs 8,004 crore in Q2 FY25, up 20.9% compared to Rs 6,619 crore a year back, the company said in an exchange filing on Friday.
Hindustan Zinc Q2 Results: Net profit rises 34.6% to Rs 2,327 crore
Mining major, Vedanta Subsidiary, Hindustan Zinc posted a 34.58%% increase in its consolidated net profit to Rs 2,327 crore in the second quarter of the current fiscal year 2024-25. In the year-ago period, the company had posted a net profit of Rs 1,729 crore.
The EBITDA (Earnings before interest, taxes, depreciation, and amortization) stood at Rs 4,123 crore in the latest September quarter, up 31% from Rs 3,139 crore in the corresponding period of the previous fiscal year. The margin was 50% compared to 46.2%.
Revenue from operations stood at Rs 8,004 crore in Q2 FY25, up 20.9% compared to Rs 6,619 crore a year back, the company said in an exchange filing on Friday.
Read Also : New Appointments and recommendations issued by Government
In a statement, the mining company said it recorded its highest-ever second-quarter mined metal production at 256-kilo tonnes (KT), a rise of 2% year-on-year (YoY) due to higher ore production at Zawar Mine and down 2% quarter-on-quarter (QoQ) due to lower overall mined metal grades. The firm has a robust free cash flow from operations of Rs 3,605 crore for Q2FY25 (pre-capex of Rs 1,004 crore). As of September 30, 2024, Hindustan Zonc's gross investments and cash and cash equivalents were Rs 7,948 crore.
Post results announcement, the stock was up 0.8% at Rs 512.55 on the National Stock Exchange (NSE). The scrip gained 1% to Rs 513.25 on the BSE. The stock has gained 3.2% in the past month and has surged 60.6% year-to-date (YTD).
Read Also : Tata Power unveils Solar Adoption in Tamil Nadu with Ghar Ghar Solar InitiativeNews Must Read
- India extends its first-ever rupee-denominated Line of Credit under IDEAS
- Three Pilot projects in Steel Sector launched under the National Green Hydrogen Mission
- RBI takes strict action against four NBFCs
- Metro Services Extended for Sunday's Vedanta Delhi Half Marathon
- TCIL celebrates 46th Foundation Day on 15th Oct 2024
- SECL Becomes First Coal Company to Open Four AMRIT Pharmacies
- RVNL wins contract for Nagpur Metro Phase-2 Project
- Ircon International shares gains 4% amid signing MoU with Patel Engineering
- RailTel shares surge 10% amid bagging Rs 79 crore order from MHADA
- Larsen & Toubro Wins Order for Agra Metro Network