Blitz Bureau
NEW DELHI; Hindustan Zinc Ltd on August 2 announced a 19.4 per cent increase in net profit to Rs 2,345 crore for the April-June quarter of the current financial year, compared to the corresponding figure of Rs 1,964 crore for the same quarter of the previous year (2023-24).
The company’s revenue from operations rose 11 per cent to Rs 7,893 crore during the quarter from Rs 7,111 crore in the same period of the previous financial year. The growth in revenue was driven by higher metal volume and better silver prices. The company’s EBITDA stood at Rs 3,946 crore, up 18 per cent year-on-year. While the company’s zinc, lead and others segment recorded Q1 revenue at Rs 6,421 crore, the silver segment reported revenue of Rs 1,427 crore, and wind energy posted revenue at Rs 45 crore.
The company, which currently holds around 75 per cent market share in the sector domestically, reported a 14 per cent rise in zinc sales for the first quarter. The company, which has become the world’s third highest producer of silver, posted a 10 per cent growth in its sales of the precious metal rose on higher market prices.
