Hindustan Zinc Ltd (HZL) delivered strong financial results for the second quarter of FY25, reporting a consolidated net profit of ₹2,327 crore. This marks a substantial 35% increase compared to ₹1,729 crore in the same quarter last year. However, there was a slight sequential decline of nearly 1% from the previous quarter’s profit of ₹2,345 crore. The company’s consolidated revenue from operations rose 21% year-on-year to ₹8,004 crore, up from ₹6,619 crore in Q2 FY24, and saw a modest increase of 1.4% from ₹7,893 crore in Q1 FY25.
The growth in profit and revenue can be attributed to rising zinc prices, bolstered by expectations of stronger demand from China and global supply concerns. HZL’s stock reflected this positive performance, trading at ₹511.30 per share on the NSE, with a noteworthy 60% increase over the past year.
In addition to its robust financial performance, HZL’s board has approved a ₹327 crore investment to acquire a minimum 26% equity stake in Serentica Renewable India Private Limited (SRIPL). This move is part of a broader strategy to secure renewable energy, as HZL plans to source 530 MW of renewable power on a round-the-clock (RTC) basis for 25 years through a Power Delivery Agreement (PDA).
Overall, HZL’s strong results and strategic investments position the company favorably within the industry, especially given its significant share of the domestic zinc market.
Disclaimer: The information provided in this report is for informational purposes only and should not be considered financial advice. While every effort has been made to ensure the accuracy of the data presented, Hindustan Zinc Ltd (HZL) and its representatives do not guarantee the completeness or reliability of the information. Investors should conduct their own research and consult with a financial advisor before making investment decisions. Past performance is not indicative of future results.
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