Hindustan Zinc Q2 Results: Net profit rises 34.6% to ₹2,327 crore, revenue up 21%

Revenue from operations stood at ₹8,004 crore in Q2 FY25, up 20.9% compared to ₹6,619 crore a year back, the company said in an exchange filing on Friday.

The EBITDA (Earnings before interest, taxes, depreciation, and amortisation) stood at ₹4,123 crore in the latest September quarter, up 31% from ₹3,139 crore in the corresponding period of the previous fiscal year. The margin was 50% compared to 46.2%.

Hindustan Zinc shares rise

After the results announcement, the stock was up 0.8% at ₹512.55 on the National Stock Exchange (NSE). The scrip gained 1% to ₹513.25 on the BSE.

The stock has gained 3.2% in the past month and has surged 60.6% year-to-date (YTD).

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 ₹3,605 crore for Q2FY25 (pre-capex of ₹1,004 crore). As on September 30, 2024, Hindustan Zonc's gross investments and cash and cash equivalents were ₹7,948 crore.

Commenting on the financial performance, Arun Misra, Chief Executive Officer, said, "Hindustan Zinc has continued to gather momentum from its previous quarter to record historic highs in its second quarter mined and refined metal production. Leveraging strong precious metal prices, we have focused on maximising our silver production through pyro operations on lead mode, resulting in a 10% sequential increment in silver volumes."

Hindustan Zinc, a Vedanta Group firm, is the world's second-largest producer of integrated zinc and the third-largest producer of silver.